Sumitomo Co. (OTCMKTS:SSUMY) Sees Significant Decrease in Short Interest

Sumitomo Co. (OTCMKTS:SSUMY - Get Free Report) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 78,400 shares, a decline of 17.4% from the December 31st total of 94,900 shares. Based on an average trading volume of 157,800 shares, the short-interest ratio is presently 0.5 days.

Sumitomo Trading Up 0.6 %

OTCMKTS:SSUMY traded up $0.14 on Wednesday, reaching $22.87. 43,164 shares of the stock traded hands, compared to its average volume of 67,346. Sumitomo has a 1-year low of $19.00 and a 1-year high of $28.90. The company's 50 day moving average is $21.40 and its 200-day moving average is $22.07. The firm has a market capitalization of $27.70 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 0.69 and a beta of 0.71. The company has a current ratio of 1.77, a quick ratio of 1.24 and a debt-to-equity ratio of 0.55.

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 return on equity of 7.31% and a net margin of 4.97%. Equities research analysts anticipate that Sumitomo will post 2.76 EPS for the current fiscal year.

Sumitomo Company Profile

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.