Sumco Co. (OTCMKTS:SUOPY) Sees Large Growth in Short Interest

Sumco Co. (OTCMKTS:SUOPY) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 3,500 shares, an increase of 150.0% from the December 15th total of 1,400 shares. Based on an average daily volume of 9,700 shares, the days-to-cover ratio is presently 0.4 days.

Sumco Trading Up 0.3 %

Shares of OTCMKTS SUOPY traded up $0.05 during mid-day trading on Thursday, reaching $14.30. The company had a trading volume of 293 shares, compared to its average volume of 18,117. Sumco has a 52 week low of $13.97 and a 52 week high of $34.84. The business’s 50-day moving average is $15.87 and its 200-day moving average is $21.30. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 17.87 and a beta of 1.01. The company has a current ratio of 2.51, a quick ratio of 1.20 and a debt-to-equity ratio of 0.45.

About Sumco

Sumco Corporation manufactures and sells silicon wafers for the semiconductor industry in Japan, the United States, China, Taiwan, Korea, and internationally. It provides monocrystalline ingots, as well as polished, annealed, epitaxial, junction isolated, silicon-on-insulator, and reclaimed polished wafers.