Sumitomo Co. (OTCMKTS:SSUMY) Short Interest Up 358.5% in May

Sumitomo Co. (OTCMKTS:SSUMY - Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 37,600 shares, a growth of 358.5% from the May 15th total of 8,200 shares. Based on an average trading volume of 78,000 shares, the days-to-cover ratio is presently 0.5 days.

Sumitomo Trading Up 0.4 %

OTCMKTS SSUMY traded up $0.10 during trading on Wednesday, hitting $25.86. The company had a trading volume of 36,020 shares, compared to its average volume of 39,047. The company's fifty day moving average is $25.86 and its 200-day moving average is $23.80. Sumitomo has a one year low of $18.51 and a one year high of $28.90. The company has a current ratio of 1.63, a quick ratio of 1.18 and a debt-to-equity ratio of 0.55. The company has a market cap of $31.60 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 0.63 and a beta of 0.72.

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.

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