Short Interest in Sumco Co. (OTCMKTS:SUOPY) Declines By 98.9%

Sumco Co. (OTCMKTS:SUOPY) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,000 shares, a decrease of 98.9% from the September 30th total of 89,800 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is presently 0.3 days.

Sumco Stock Performance

Shares of SUOPY stock opened at $19.11 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.44 and a quick ratio of 1.31. Sumco has a fifty-two week low of $18.71 and a fifty-two week high of $34.84. The stock’s 50-day moving average is $21.55 and its two-hundred day moving average is $27.16. The firm has a market cap of $3.34 billion, a P/E ratio of 15.29 and a beta of 1.08.

Sumco (OTCMKTS:SUOPY) last issued its earnings results on Wednesday, August 7th. The company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. Sumco had a return on equity of 4.15% and a net margin of 6.66%. The company had revenue of $672.00 million for the quarter, compared to analyst estimates of $694.51 million. Analysts predict that Sumco will post 1.07 earnings per share for the current fiscal year.

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.