Short Interest in Sumitomo Co. (OTCMKTS:SSUMY) Rises By 358.8%

Sumitomo Co. (OTCMKTS:SSUMY) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 7,800 shares, an increase of 358.8% from the November 30th total of 1,700 shares. Based on an average daily trading volume, of 105,800 shares, the short-interest ratio is presently 0.1 days.

Sumitomo Stock Up 2.0 %

Shares of OTCMKTS SSUMY traded up $0.43 during trading hours on Thursday, hitting $21.47. 57,109 shares of the stock were exchanged, compared to its average volume of 51,129. The company has a market cap of $26.00 billion, a PE ratio of 11.99, a PEG ratio of 0.65 and a beta of 0.71. Sumitomo has a 12 month low of $19.00 and a 12 month high of $28.90. The company has a quick ratio of 1.17, a current ratio of 1.65 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average price of $21.39 and a 200-day moving average price of $22.87.

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.