Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) Sees Significant Growth in Short Interest

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 48,198 shares, a growth of 53.3% from the July 30th total of 31,439 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 253,171 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

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

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Sumitomo Mitsui Trust Price Performance

SUTNY opened at $5.62 on Thursday. The firm has a market capitalization of $31.39 billion and a PE ratio of 13.02. The company has a debt-to-equity ratio of 3.72, a current ratio of 0.99 and a quick ratio of 0.99. The business’s 50-day moving average is $6.87 and its two-hundred day moving average is $6.89. Sumitomo Mitsui Trust has a 1 year low of $3.18 and a 1 year high of $5.72.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.23 earnings per share for the quarter. Sumitomo Mitsui Trust had a net margin of 11.81% and a return on equity of 10.45%. The business had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Research analysts anticipate that Sumitomo Mitsui Trust will post 0.46 earnings per share for the current fiscal year.

Sumitomo Mitsui Trust Company Profile

(Get Free Report)

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.

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