Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Short Interest Up 800.0% in November

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 900 shares, an increase of 800.0% from the October 31st total of 100 shares. Based on an average daily trading volume, of 1,000 shares, the short-interest ratio is presently 0.9 days.

Sumitomo Heavy Industries Stock Performance

Shares of OTCMKTS:SOHVY remained flat at $5.30 during midday trading on Wednesday. Sumitomo Heavy Industries has a twelve month low of $4.90 and a twelve month high of $7.67. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.98. The firm has a 50-day simple moving average of $5.78 and a 200-day simple moving average of $6.13.

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

Analyst Upgrades and Downgrades

Separately, Citigroup raised Sumitomo Heavy Industries to a “hold” rating in a report on Monday, August 26th.

About Sumitomo Heavy Industries

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.