Sumco Co. (OTCMKTS:SUOPY) Sees Large Decline in Short Interest

Sumco Co. (OTCMKTS:SUOPY) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totalling 1,100 shares, a decline of 56.0% from the July 15th total of 2,500 shares. Based on an average daily volume of 19,400 shares, the short-interest ratio is presently 0.1 days.

Sumco Stock Up 3.9 %

Shares of Sumco stock traded up $0.82 during midday trading on Tuesday, hitting $21.83. The company’s stock had a trading volume of 9,182 shares, compared to its average volume of 5,541. The firm has a market capitalization of $3.82 billion, a P/E ratio of 17.46 and a beta of 1.13. Sumco has a 1-year low of $20.62 and a 1-year high of $34.84. The company has a quick ratio of 1.44, a current ratio of 2.52 and a debt-to-equity ratio of 0.46. The stock has a 50-day simple moving average of $29.79 and a 200-day simple moving average of $30.89.

Sumco Company Profile

Sumco Corporation manufactures and sells silicon wafers for the semiconductor industry in Japan, the United States, China, Taiwan, Korea, and internationally. It provides monocrystalline ingots, as well as polished, annealed, epitaxial, junction isolated, silicon-on-insulator, and reclaimed polished wafers.