Sumitomo Co. (OTCMKTS:SSUMY) Sees Significant Increase in Short Interest

Sumitomo Co. (OTCMKTS:SSUMY) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 68,300 shares, a growth of 80.2% from the September 30th total of 37,900 shares. Based on an average daily trading volume, of 137,600 shares, the short-interest ratio is presently 0.5 days.

Sumitomo Trading Up 0.0 %

SSUMY stock traded up $0.01 during midday trading on Friday, reaching $21.14. 69,890 shares of the company’s stock traded hands, compared to its average volume of 47,850. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.65 and a quick ratio of 1.17. Sumitomo has a fifty-two week low of $19.00 and a fifty-two week high of $28.90. The business has a 50-day moving average price of $22.64 and a two-hundred day moving average price of $24.26. The company has a market capitalization of $25.60 billion, a P/E ratio of 10.79, a PEG ratio of 0.56 and a beta of 0.70.

Sumitomo (OTCMKTS:SSUMY) last issued its earnings results on Wednesday, July 31st. The conglomerate reported $0.64 EPS for the quarter. Sumitomo had a net margin of 5.46% and a return on equity of 8.11%. The business had revenue of $11.01 billion for the quarter. Equities research analysts forecast that Sumitomo will post 3.05 EPS for the current fiscal year.

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.