Sumitomo Co. (OTCMKTS:SSUMY) Short Interest Up 80.2% in October

Sumitomo Co. (OTCMKTS:SSUMY) saw a large growth in short interest during 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 trading volume of 137,600 shares, the short-interest ratio is currently 0.5 days.

Sumitomo Trading Up 0.0 %

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

Sumitomo (OTCMKTS:SSUMY) last issued its quarterly earnings results on Wednesday, July 31st. The conglomerate reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of $11.01 billion for the quarter. Sumitomo had a return on equity of 8.11% and a net margin of 5.46%. Equities analysts expect 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.