Sumco Co. (OTCMKTS:SUOPY) Sees Significant Decrease in Short Interest

Sumco Co. (OTCMKTS:SUOPY - Get Free Report) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 3,300 shares, a decline of 50.0% from the January 15th total of 6,600 shares. Based on an average daily volume of 12,000 shares, the short-interest ratio is currently 0.3 days.

Sumco Stock Up 3.1 %

Shares of OTCMKTS:SUOPY traded up $0.46 on Monday, reaching $15.39. The company had a trading volume of 403 shares, compared to its average volume of 5,326. Sumco has a 52-week low of $13.97 and a 52-week high of $34.84. The firm's 50 day simple moving average is $15.03 and its 200-day simple moving average is $18.57. The firm has a market capitalization of $2.69 billion, a PE ratio of 19.24 and a beta of 1.01. The company has a current ratio of 2.51, a quick ratio of 1.20 and a debt-to-equity ratio of 0.45.

Sumco (OTCMKTS:SUOPY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.13. Sumco had a return on equity of 3.25% and a net margin of 5.25%.

Sumco Company Profile

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.