Sumitomo Co. (OTCMKTS:SSUMY) Short Interest Update

Sumitomo Co. (OTCMKTS:SSUMY) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 73,300 shares, a growth of 59.0% from the May 15th total of 46,100 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 247,300 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Nomura Securities raised shares of Sumitomo to a “strong-buy” rating in a research report on Wednesday, May 28th.

Sumitomo Stock Performance

Shares of Sumitomo stock traded down $0.40 during trading on Friday, hitting $24.95. 68,177 shares of the stock were exchanged, compared to its average volume of 86,654. The stock has a market capitalization of $30.22 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 0.67 and a beta of 0.64. The company has a fifty day moving average price of $24.52 and a 200-day moving average price of $22.92. Sumitomo has a 1-year low of $19.00 and a 1-year high of $26.67. The company has a current ratio of 1.77, a quick ratio of 1.24 and a debt-to-equity ratio of 0.55.

Sumitomo (OTCMKTS:SSUMY) last released its quarterly earnings results on Thursday, May 1st. The conglomerate reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $11.78 billion. Sumitomo had a return on equity of 7.73% and a net margin of 5.42%. As a group, equities analysts predict that Sumitomo will post 2.82 EPS for the current fiscal year.

Sumitomo Company Profile

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.