Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Short Interest Update

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 6,600 shares, a growth of 407.7% from the January 31st total of 1,300 shares. Based on an average trading volume of 18,900 shares, the days-to-cover ratio is currently 0.3 days.

Sumitomo Electric Industries Trading Up 1.4 %

OTCMKTS:SMTOY traded up $0.24 during trading hours on Friday, reaching $17.83. The company had a trading volume of 4,622 shares, compared to its average volume of 11,077. Sumitomo Electric Industries has a 1-year low of $12.80 and a 1-year high of $21.51. The business’s 50 day moving average price is $18.14 and its 200-day moving average price is $17.31.

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