Sumitomo Heavy (OTCMKTS:SOHVY) Shares Shorted: Short Interest Down 54.8% in September

Sumitomo Heavy (OTCMKTS:SOHVY) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 410 shares, a decrease of 54.8% from the August 31st total of 908 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,145 shares, the short-interest ratio is presently 0.4 days.

Sumitomo Heavy Price Performance

Shares of SOHVY remained flat at $9.46 during trading hours on Wednesday. The company had a trading volume of 3 shares, compared to its average volume of 322. Sumitomo Heavy has a one year low of $5.95 and a one year high of $10.16. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 16.89 and a beta of 0.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.94 and a quick ratio of 1.12. The firm has a 50 day moving average price of $9.00 and a two-hundred day moving average price of $8.51.

Sumitomo Heavy (OTCMKTS:SOHVY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.23 earnings per share for the quarter. Sumitomo Heavy had a net margin of 3.59% and a return on equity of 6.18%. The firm had revenue of $1.87 billion for the quarter.

About Sumitomo Heavy

Sumitomo Heavy Industries, Ltd. is a Japan-based manufacturer of industrial machinery and equipment. The company develops and supplies products including power-transmission systems, gearboxes and reducers, injection-molding machines, construction machinery, material-handling equipment, industrial presses, and equipment used in semiconductor and medical applications.

Its business also includes energy-related equipment, environmental systems, precision machinery, and machinery for transportation and logistics.