Sumco Co. (OTCMKTS:SUOPY) Sees Large Drop in Short Interest

Sumco Co. (OTCMKTS:SUOPY) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,300 shares, a drop of 50.0% from the January 15th total of 6,600 shares. Based on an average daily volume of 12,000 shares, the days-to-cover ratio is presently 0.3 days.

Sumco Trading Down 9.9 %

Shares of SUOPY traded down $1.63 during trading hours on Thursday, reaching $14.84. 3,326 shares of the company traded hands, compared to its average volume of 5,326. The stock’s fifty day moving average price is $15.08 and its 200 day moving average price is $19.03. The company has a current ratio of 2.51, a quick ratio of 1.20 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 18.55 and a beta of 1.01. Sumco has a 12-month low of $13.97 and a 12-month high of $34.84.

Sumco (OTCMKTS:SUOPY) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.13. Sumco had a net margin of 5.25% and a return on equity of 3.25%.

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.