Short Interest in Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) Decreases By 36.9%

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 102,978 shares, a drop of 36.9% from the April 15th total of 163,119 shares. Based on an average daily trading volume, of 309,341 shares, the short-interest ratio is presently 0.3 days.

Sumitomo Mitsui Trust Price Performance

Sumitomo Mitsui Trust stock opened at $7.00 on Tuesday. Sumitomo Mitsui Trust has a one year low of $5.03 and a one year high of $7.78. The stock’s 50 day moving average price is $6.65 and its 200 day moving average price is $6.43.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $5.56 billion during the quarter.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Sumitomo Mitsui Trust to a “hold” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Sumitomo Mitsui Trust Company Profile

Sumitomo Mitsui Trust Holdings, Inc, known internationally under the ticker OTCMKTS:SUTNY, is Japan’s largest trust banking group, offering a broad array of fiduciary and financial services. Headquartered in Tokyo, the company operates through a network of domestic branches and overseas offices in Asia, Europe and North America to serve institutional investors, corporates and private clients.

The group’s core activities span trust banking, asset management, real estate services and wholesale banking.