Short Interest in SUMCO (OTCMKTS:SUOPY) Drops By 84.7%

SUMCO (OTCMKTS:SUOPY) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 8,365 shares, a drop of 84.7% from the July 15th total of 54,506 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 20,489 shares, the short-interest ratio is presently 0.4 days.

SUMCO Stock Performance

Shares of SUMCO stock opened at $47.14 on Thursday. The business has a 50-day simple moving average of $49.63 and a 200 day simple moving average of $35.35. SUMCO has a one year low of $14.55 and a one year high of $69.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.36 and a quick ratio of 1.51. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of -45.77 and a beta of 1.52.

SUMCO (OTCMKTS:SUOPY) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.16) earnings per share (EPS) for the quarter. SUMCO had a negative return on equity of 4.18% and a negative net margin of 6.60%.The firm had revenue of $712.93 million during the quarter. On average, research analysts anticipate that SUMCO will post -0.62 earnings per share for the current fiscal year.

About SUMCO

SUMCO Corporation (OTCMKTS: SUOPY) is a premier global supplier of silicon wafers, a foundational material used in the fabrication of semiconductor devices. The company specializes in producing single-crystal silicon wafers in diameters ranging from 150 mm to 300 mm, serving high-performance applications in memory, logic, power devices and discrete components. In addition to its core wafer business, SUMCO offers epitaxial wafers and specialty silicon products designed to meet the exacting requirements of next-generation semiconductor nodes and power electronics.

Founded in 1975 as a spin-off from Mitsubishi Silicon, SUMCO has grown through strategic investments in research and development to advance wafer quality, diameter scaling and defect reduction.