Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) Shares Shorted: Short Interest Down 75.4% in September

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 31,625 shares, a decrease of 75.4% from the September 15th total of 128,730 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 749,922 shares, the days-to-cover ratio is presently 0.0 days.

Sumitomo Mitsui Trust Stock Performance

OTCMKTS SUTNY opened at $5.40 on Tuesday. The firm has a market cap of $30.19 billion and a price-to-earnings ratio of 12.52. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 3.72. The business has a 50-day moving average price of $5.52 and a 200-day moving average price of $6.68. Sumitomo Mitsui Trust has a twelve month low of $3.18 and a twelve month high of $5.96.

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

Analysts Set New Price Targets

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

About Sumitomo Mitsui Trust

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.