Sumitomo Co. (OTCMKTS:SSUMY) Short Interest Down 28.2% in November

Sumitomo Co. (OTCMKTS:SSUMY) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 7,900 shares, a decline of 28.2% from the October 31st total of 11,000 shares. Based on an average daily volume of 123,700 shares, the short-interest ratio is presently 0.1 days.

Sumitomo Stock Performance

OTCMKTS SSUMY traded down $0.14 during trading on Friday, reaching $20.82. The company’s stock had a trading volume of 41,470 shares, compared to its average volume of 67,388. The company has a current ratio of 1.65, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $25.22 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 0.54 and a beta of 0.71. Sumitomo has a 12 month low of $19.00 and a 12 month high of $28.90. The firm has a 50 day moving average price of $21.84 and a 200 day moving average price of $23.52.

Sumitomo Company Profile

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.