Short Interest in Sumitomo Co. (OTCMKTS:SSUMY) Drops By 78.5%

Sumitomo Co. (OTCMKTS:SSUMY) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,700 shares, a decrease of 78.5% from the November 15th total of 7,900 shares. Based on an average daily volume of 139,000 shares, the days-to-cover ratio is currently 0.0 days.

Sumitomo Stock Performance

SSUMY stock traded up $0.17 on Wednesday, hitting $22.22. The company’s stock had a trading volume of 57,632 shares, compared to its average volume of 50,513. The firm has a 50 day moving average of $21.68 and a two-hundred day moving average of $23.21. Sumitomo has a 1 year low of $19.00 and a 1 year high of $28.90. The stock has a market cap of $26.91 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 0.65 and a beta of 0.71. The company has a current ratio of 1.65, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52.

About Sumitomo

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.