Short Interest in Sumco Co. (OTCMKTS:SUOPY) Drops By 72.7%

Sumco Co. (OTCMKTS:SUOPY) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 900 shares, a drop of 72.7% from the January 31st total of 3,300 shares. Based on an average daily volume of 10,400 shares, the short-interest ratio is currently 0.1 days.

Sumco Stock Performance

Sumco stock traded down $0.50 during mid-day trading on Friday, reaching $15.50. 506 shares of the company traded hands, compared to its average volume of 4,406. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 20.67 and a beta of 1.01. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.51 and a quick ratio of 1.20. Sumco has a fifty-two week low of $13.97 and a fifty-two week high of $34.84. The firm’s fifty day moving average is $15.07 and its two-hundred day moving average is $18.12.

Sumco (OTCMKTS:SUOPY) last issued its earnings results on Wednesday, February 12th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13. Sumco had a return on equity of 3.97% and a net margin of 4.99%.

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.