Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Sees Large Drop in Short Interest

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,300 shares, a decline of 60.6% from the January 15th total of 3,300 shares. Based on an average daily trading volume, of 27,300 shares, the short-interest ratio is currently 0.0 days.

Sumitomo Electric Industries Stock Down 0.4 %

Shares of OTCMKTS:SMTOY opened at $19.07 on Friday. Sumitomo Electric Industries has a 12-month low of $12.80 and a 12-month high of $21.51. The business’s 50 day moving average is $18.21 and its 200 day moving average is $17.07.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last announced its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter.

Sumitomo Electric Industries Company Profile

Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables worldwide. It operates through Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others segments. The company offers wiring harnesses and electrical components; steel cords for tire reinforcement; steel wires for springs; wiring materials; optical lenses for infrared devices; abrasion-resistant parts/materials; heat shrink and heat-resistant tubing/tapes; magnet and aluminum bars/wires; products for electronic devices; sintered parts; and EV quick-charger connector assemblies.