Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Sees Large Increase in Short Interest

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 6,600 shares, an increase of 407.7% from the January 31st total of 1,300 shares. Based on an average daily volume of 18,900 shares, the short-interest ratio is currently 0.3 days.

Sumitomo Electric Industries Trading Up 1.4 %

Shares of SMTOY traded up $0.24 during trading hours on Thursday, hitting $17.83. 4,622 shares of the stock were exchanged, compared to its average volume of 11,077. The business has a 50-day moving average of $18.14 and a 200-day moving average of $17.31. Sumitomo Electric Industries has a fifty-two week low of $12.80 and a fifty-two week high of $21.51.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter.

Sumitomo Electric Industries Company Profile

Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables worldwide. It operates through Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others segments. The company offers wiring harnesses and electrical components; steel cords for tire reinforcement; steel wires for springs; wiring materials; optical lenses for infrared devices; abrasion-resistant parts/materials; heat shrink and heat-resistant tubing/tapes; magnet and aluminum bars/wires; products for electronic devices; sintered parts; and EV quick-charger connector assemblies.