Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) Short Interest Up 64.9% in May

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 178,603 shares, a growth of 64.9% from the May 14th total of 108,322 shares. Based on an average daily trading volume, of 241,902 shares, the short-interest ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Sumitomo Mitsui Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sumitomo Mitsui Trust currently has a consensus rating of “Sell”.

Sumitomo Mitsui Trust Stock Performance

Shares of OTCMKTS SUTNY opened at $7.50 on Tuesday. Sumitomo Mitsui Trust has a 1 year low of $5.03 and a 1 year high of $7.78. The company has a 50 day simple moving average of $6.98 and a 200-day simple moving average of $6.65.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last posted its earnings results on Thursday, June 11th. The company reported $999.00 earnings per share for the quarter. The company had revenue of $4.88 billion during the quarter.

Sumitomo Mitsui Trust Company Profile

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.