Sumitomo Heavy (OTCMKTS:SOHVY) Shares Shorted: Short Interest Up 406.5% in October

Sumitomo Heavy (OTCMKTS:SOHVY) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 1,398 shares, a growth of 406.5% from the October 15th total of 276 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 615 shares, the short-interest ratio is currently 2.3 days.

Sumitomo Heavy Stock Down 0.1%

OTCMKTS SOHVY traded down $0.01 during mid-day trading on Wednesday, reaching $7.97. 2,498 shares of the company’s stock traded hands, compared to its average volume of 700. The company has a current ratio of 1.94, a quick ratio of 1.12 and a debt-to-equity ratio of 0.18. Sumitomo Heavy has a 1-year low of $6.28 and a 1-year high of $10.16. The company has a fifty day simple moving average of $9.02 and a 200-day simple moving average of $8.62. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 14.76 and a beta of 0.47.

Sumitomo Heavy (OTCMKTS:SOHVY) last released its earnings results on Friday, October 30th. The company reported $0.19 EPS for the quarter. The company had revenue of $1.76 billion during the quarter. Sumitomo Heavy had a return on equity of 6.91% and a net margin of 3.45%.

About Sumitomo Heavy

Sumitomo Heavy Industries, Ltd. is a Japanese manufacturer of industrial machinery and equipment. Its products include plastic injection molding machines, precision gearboxes and motion-control systems, construction machinery such as excavators, and equipment for industrial production and energy applications. The company traces its roots to a machinery repair shop established in 1888 to serve the Besshi copper mine. It has since expanded into a broad range of machinery and technology businesses, including industrial presses, material-handling systems, and equipment used in semiconductor manufacturing and medical applications.