Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) Short Interest Up 65.8% in July

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 38,295 shares, a growth of 65.8% from the June 30th total of 23,097 shares. Based on an average trading volume of 274,559 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

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

Sumitomo Mitsui Trust Price Performance

SUTNY traded down $0.02 during trading hours on Friday, reaching $8.22. 79,606 shares of the stock traded hands, compared to its average volume of 206,491. Sumitomo Mitsui Trust has a fifty-two week low of $5.05 and a fifty-two week high of $8.72. The firm’s fifty day simple moving average is $7.70 and its two-hundred day simple moving average is $7.09.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.23 EPS for the quarter. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $1.33 billion.

About Sumitomo Mitsui Trust

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.