Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Sees Significant Decline in Short Interest

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,300 shares, a drop of 51.9% from the December 15th total of 2,700 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 0.8 days.

Sumitomo Heavy Industries Price Performance

Shares of OTCMKTS SOHVY remained flat at $4.87 during mid-day trading on Thursday. Sumitomo Heavy Industries has a 1-year low of $4.87 and a 1-year high of $7.67. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.98 and a quick ratio of 1.06. The company has a 50 day simple moving average of $5.27 and a 200 day simple moving average of $5.78.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last released its earnings results on Thursday, October 31st. The company reported $0.02 EPS for the quarter. Sumitomo Heavy Industries had a return on equity of 6.28% and a net margin of 2.08%. The company had revenue of $1.69 billion during the quarter.

Sumitomo Heavy Industries Company Profile

Sumitomo Heavy Industries, Ltd. manufactures and sells general machinery, advanced precision machinery, construction machinery, ships, and environmental plant facilities in Japan and internationally. Its Mechatronics segment offers gearmotors, gearboxes, motion control drives, motors and inverters, drive solutions, precision positioning equipment, laser systems, control systems, motion components, and collaborative robot.