Short Interest in Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Decreases By 30.9%

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 7,600 shares, a decline of 30.9% from the September 15th total of 11,000 shares. Based on an average daily volume of 28,600 shares, the short-interest ratio is presently 0.3 days.

Sumitomo Electric Industries Stock Performance

Shares of SMTOY traded down $0.24 during trading hours on Friday, hitting $16.02. The stock had a trading volume of 5,229 shares, compared to its average volume of 12,413. The firm has a 50-day moving average price of $15.92 and a 200 day moving average price of $15.65. Sumitomo Electric Industries has a fifty-two week low of $10.24 and a fifty-two week high of $17.78.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.26 earnings per share for the quarter. The company had revenue of $7.16 billion for the quarter.

Sumitomo Electric Industries Company Profile

Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables worldwide. It operates through Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others segments. The company offers wiring harnesses and electrical components; steel cords for tire reinforcement; steel wires for springs; wiring materials; optical lenses for infrared devices; abrasion-resistant parts/materials; heat shrink and heat-resistant tubing/tapes; magnet and aluminum bars/wires; products for electronic devices; sintered parts; and EV quick-charger connector assemblies.