Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) Stock Short Interest Climbs 93.1%

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 128,730 shares, an increase of 93.1% from the August 31st total of 66,672 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 345,359 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Zacks Research raised Sumitomo Mitsui Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Sumitomo Mitsui Trust presently has an average rating of “Hold”.

Sumitomo Mitsui Trust Stock Performance

Shares of OTCMKTS SUTNY traded up $0.06 during trading hours on Wednesday, reaching $5.67. 18,525 shares of the stock were exchanged, compared to its average volume of 303,166. The stock’s fifty day simple moving average is $6.01 and its 200 day simple moving average is $6.72. The firm has a market capitalization of $31.67 billion and a price-to-earnings ratio of 13.14. Sumitomo Mitsui Trust has a 52 week low of $3.18 and a 52 week high of $5.96. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.99 and a current ratio of 0.99.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last posted its earnings results on Thursday, July 30th. The company reported $0.23 earnings per share for the quarter. Sumitomo Mitsui Trust had a return on equity of 10.45% and a net margin of 11.81%.The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $1.33 billion. Sell-side analysts predict that Sumitomo Mitsui Trust will post 0.49 EPS for the current year.

Sumitomo Mitsui Trust Company Profile

Sumitomo Mitsui Trust Holdings, Inc is a Japanese financial holding company and the parent of the Sumitomo Mitsui Trust Group. Through its subsidiaries, including Sumitomo Mitsui Trust Bank, the group provides banking, trust banking, asset management, and related financial services to individuals, corporations, institutional investors, and public-sector clients.

The group’s services include deposits and lending, investment and pension management, securities administration, real estate services, inheritance and asset succession planning, and investment banking.