Short Interest in Sumitomo Co. (OTCMKTS:SSUMY) Increases By 21.3%

Sumitomo Co. (OTCMKTS:SSUMY - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 53,500 shares, an increase of 21.3% from the February 13th total of 44,100 shares. Based on an average trading volume of 215,500 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company's shares are short sold.

Sumitomo Trading Down 0.7 %

SSUMY stock traded down $0.18 during midday trading on Friday, reaching $24.43. The company's stock had a trading volume of 90,978 shares, compared to its average volume of 70,794. Sumitomo has a 52 week low of $19.00 and a 52 week high of $28.90. The stock has a market cap of $29.59 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 0.67 and a beta of 0.71. The company has a quick ratio of 1.24, a current ratio of 1.77 and a debt-to-equity ratio of 0.55. The business's 50-day simple moving average is $22.27 and its 200-day simple moving average is $21.99.

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