Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) Shares Shorted: Short Interest Up 93.1% in September

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 128,730 shares, an increase of 93.1% from the August 31st total of 66,672 shares. Based on an average daily volume of 345,359 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

Sumitomo Mitsui Trust Trading Down 1.2%

Sumitomo Mitsui Trust stock opened at $5.70 on Tuesday. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $31.87 billion and a price-to-earnings ratio of 13.22. Sumitomo Mitsui Trust has a 1 year low of $3.18 and a 1 year high of $5.96. The firm’s 50 day moving average price is $6.07 and its two-hundred day moving average price is $6.73.

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

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.