SUMCO (OTCMKTS:SUOPY) Sees Significant Increase in Short Interest

SUMCO (OTCMKTS:SUOPY) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 39,691 shares, a growth of 374.5% from the July 30th total of 8,365 shares. Based on an average daily volume of 34,993 shares, the short-interest ratio is presently 1.1 days. Approximately 0.0% of the company’s shares are sold short.

SUMCO Price Performance

SUOPY stock opened at $44.46 on Wednesday. The company has a current ratio of 3.36, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $7.77 billion, a PE ratio of -43.17 and a beta of 1.52. SUMCO has a 12-month low of $14.55 and a 12-month high of $69.37. The business’s fifty day moving average price is $49.44 and its 200 day moving average price is $36.98.

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

SUMCO Company Profile

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.