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

Sumco Co. (OTCMKTS:SUOPY) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 2,000 shares, an increase of 185.7% from the May 31st total of 700 shares. Based on an average daily trading volume, of 4,200 shares, the short-interest ratio is currently 0.5 days.

Sumco Stock Down 1.4 %

Shares of OTCMKTS:SUOPY opened at $28.89 on Friday. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 23.11 and a beta of 1.12. The company has a quick ratio of 1.44, a current ratio of 2.52 and a debt-to-equity ratio of 0.46. Sumco has a 12-month low of $24.64 and a 12-month high of $34.84. The business’s 50 day moving average is $30.41 and its 200 day moving average is $31.04.

Sumco (OTCMKTS:SUOPY) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $629.72 million for the quarter, compared to analyst estimates of $598.61 million. Sumco had a return on equity of 4.92% and a net margin of 7.70%. On average, sell-side analysts forecast that Sumco will post 1.03 earnings per share for the current fiscal year.

Sumco Company Profile

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.