Short Interest in Sumitomo Co. (OTCMKTS:SSUMY) Rises By 1,116.7%

Sumitomo Co. (OTCMKTS:SSUMY) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 94,900 shares, an increase of 1,116.7% from the December 31st total of 7,800 shares. Based on an average daily trading volume, of 151,600 shares, the short-interest ratio is currently 0.6 days.

Sumitomo Stock Up 0.8 %

Shares of Sumitomo stock traded up $0.17 during trading hours on Tuesday, reaching $21.50. 54,714 shares of the company’s stock were exchanged, compared to its average volume of 72,536. The company has a 50 day moving average of $21.32 and a two-hundred day moving average of $22.23. Sumitomo has a fifty-two week low of $19.00 and a fifty-two week high of $28.90. The company has a current ratio of 1.65, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52. The stock has a market cap of $26.04 billion, a P/E ratio of 12.01, a P/E/G ratio of 0.63 and a beta of 0.71.

Sumitomo (OTCMKTS:SSUMY) last issued its earnings results on Thursday, October 31st. The conglomerate reported $0.71 earnings per share (EPS) for the quarter. Sumitomo had a net margin of 4.97% and a return on equity of 7.38%. The business had revenue of $11.74 billion during the quarter. On average, sell-side analysts forecast that Sumitomo will post 2.95 EPS for the current fiscal year.

About Sumitomo

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.