Short Interest in Sumitomo Co. (OTCMKTS:SSUMY) Decreases By 72.7%

Sumitomo Co. (OTCMKTS:SSUMY - Get Free Report) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 21,400 shares, a decline of 72.7% from the January 15th total of 78,400 shares. Based on an average daily volume of 123,800 shares, the short-interest ratio is currently 0.2 days.

Sumitomo Price Performance

Shares of OTCMKTS SSUMY traded down $0.05 during trading on Friday, hitting $21.95. 59,705 shares of the company were exchanged, compared to its average volume of 62,103. The company has a market cap of $26.58 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 0.71 and a beta of 0.71. Sumitomo has a 1 year low of $19.00 and a 1 year high of $28.90. The firm's fifty day moving average price is $21.49 and its 200 day moving average price is $21.93. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.77 and a quick ratio of 1.24.

Sumitomo (OTCMKTS:SSUMY - Get Free Report) last issued its earnings results on Tuesday, February 4th. The conglomerate reported $0.89 EPS for the quarter. Sumitomo had a net margin of 5.42% and a return on equity of 7.73%. On average, sell-side analysts expect that Sumitomo will post 2.82 earnings per share 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.