Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Short Interest Down 15.4% in January

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 3,300 shares, a drop of 15.4% from the December 31st total of 3,900 shares. Based on an average daily volume of 16,900 shares, the short-interest ratio is presently 0.2 days.

Sumitomo Electric Industries Trading Up 0.8 %

OTCMKTS:SMTOY traded up $0.15 during mid-day trading on Friday, reaching $18.45. 3,503 shares of the stock were exchanged, compared to its average volume of 11,380. Sumitomo Electric Industries has a 1 year low of $12.80 and a 1 year high of $21.51. The company has a 50 day simple moving average of $18.31 and a 200-day simple moving average of $16.80.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.37 earnings per share for the quarter. The company had revenue of $7.61 billion for the quarter.

About Sumitomo Electric Industries

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.