Short Interest in Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVF) Drops By 48.5%

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVF) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 114,162 shares, a drop of 48.5% from the July 30th total of 221,648 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Sumitomo Heavy Industries Stock Performance

Shares of Sumitomo Heavy Industries stock opened at $32.20 on Friday. Sumitomo Heavy Industries has a 52 week low of $28.50 and a 52 week high of $32.20. The business has a 50 day moving average of $32.20 and a 200 day moving average of $31.86.

Sumitomo Heavy Industries Company Profile

Sumitomo Heavy Industries, Ltd. manufactures and sells general machinery, advanced precision machinery, construction machinery, ships, and environmental plant facilities in Japan and internationally. Its Mechatronics segment offers gearmotors, gearboxes, motion control drives, motors and inverters, drive solutions, precision positioning equipment, laser systems, control systems, motion components, and collaborative robot. The company's Industrial Machinery segment provides injection molding machines, cryocoolers, ion implanters, PET tracer production systems, vacuum coasting equipment, steel tube air forming, non-destructive inspections, clean room system, cast iron and steel rolls for hot rolling, and coolant systems.