Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Sees Large Drop in Short Interest

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 1,300 shares, a decline of 60.6% from the January 15th total of 3,300 shares. Based on an average trading volume of 27,300 shares, the days-to-cover ratio is currently 0.0 days.

Sumitomo Electric Industries Stock Performance

OTCMKTS SMTOY opened at $19.07 on Friday. Sumitomo Electric Industries has a 52 week low of $12.80 and a 52 week high of $21.51. The business has a 50 day moving average price of $18.21 and a 200-day moving average price of $17.07.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 EPS for the quarter.

Sumitomo Electric Industries Company Profile

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.