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

Sumitomo Co. (OTCMKTS:SSUMY - Get Free Report) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 7,900 shares, a decline of 28.2% from the October 31st total of 11,000 shares. Based on an average daily volume of 123,700 shares, the short-interest ratio is presently 0.1 days.

Sumitomo Stock Performance

SSUMY traded up $0.64 during trading on Friday, hitting $21.46. The stock had a trading volume of 24,421 shares, compared to its average volume of 50,290. Sumitomo has a twelve month low of $19.00 and a twelve month high of $28.90. The firm has a market capitalization of $25.99 billion, a P/E ratio of 11.99, a PEG ratio of 0.54 and a beta of 0.71. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.65. The company's 50-day moving average price is $21.81 and its 200 day moving average price is $23.46.

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.