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

Sumitomo Co. (OTCMKTS:SSUMY) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 7,800 shares, a growth of 358.8% from the November 30th total of 1,700 shares. Based on an average daily trading volume, of 105,800 shares, the days-to-cover ratio is presently 0.1 days.

Sumitomo Price Performance

Sumitomo stock traded up $0.24 during midday trading on Friday, reaching $21.71. The company’s stock had a trading volume of 42,727 shares, compared to its average volume of 51,095. The business has a 50-day moving average price of $21.39 and a 200-day moving average price of $22.84. Sumitomo has a 52 week low of $19.00 and a 52 week high of $28.90. The company has a current ratio of 1.65, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52. The stock has a market cap of $26.29 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 0.65 and a beta of 0.71.

About Sumitomo

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.