Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Short Interest Update

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 3,300 shares, a decrease of 15.4% from the December 31st total of 3,900 shares. Based on an average daily trading volume, of 16,900 shares, the days-to-cover ratio is currently 0.2 days.

Sumitomo Electric Industries Stock Up 0.8 %

SMTOY stock opened at $18.45 on Monday. Sumitomo Electric Industries has a 1 year low of $12.80 and a 1 year high of $21.51. The stock’s 50 day moving average price is $18.31 and its 200 day moving average price is $16.81.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.37 earnings per share for the quarter. The business had revenue of $7.61 billion for the quarter.

About Sumitomo Electric Industries

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.