Sumitomo Co. (OTCMKTS:SSUMY) Sees Significant Increase in Short Interest

by · The Cerbat Gem

Sumitomo Co. (OTCMKTS:SSUMY – Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 37,900 shares, a growth of 109.4% from the September 15th total of 18,100 shares. Based on an average daily trading volume, of 110,000 shares, the short-interest ratio is presently 0.3 days.

Sumitomo Stock Performance

Shares of OTCMKTS SSUMY traded down $0.02 during trading on Friday, reaching $22.51. 49,370 shares of the company traded hands, compared to its average volume of 59,457. Sumitomo has a 52-week low of $19.00 and a 52-week high of $28.90. The company has a quick ratio of 1.17, a current ratio of 1.65 and a debt-to-equity ratio of 0.52. The firm has a 50 day simple moving average of $22.66 and a 200-day simple moving average of $24.44. The stock has a market capitalization of $27.26 billion, a PE ratio of 11.48, a P/E/G ratio of 0.58 and a beta of 0.70.

Sumitomo (OTCMKTS:SSUMY – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The conglomerate reported $0.64 EPS for the quarter. The firm had revenue of $11.01 billion for the quarter. Sumitomo had a return on equity of 8.11% and a net margin of 5.46%. Equities research analysts anticipate that Sumitomo will post 3.05 earnings per share for the current year.

Sumitomo Company Profile

(Get Free Report)

Sumitomo Corporation engages in general trading business worldwide. It operates through six segments: Metal Products; Transportation & Construction Systems; Infrastructure; Media & Digital; Living Related & Real Estate; and Mineral Resources, Energy, Chemical & Electronics. The company provides steel sheets and tubular products; and manufactures, leases, sells, services, and finances ships, aircrafts, motor vehicles, construction equipment, and components and parts.

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