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

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 3,900 shares, an increase of 34.5% from the December 15th total of 2,900 shares. Based on an average daily trading volume, of 11,700 shares, the short-interest ratio is currently 0.3 days.

Sumitomo Electric Industries Stock Down 1.0 %

Shares of Sumitomo Electric Industries stock traded down $0.17 during trading on Friday, hitting $17.39. The company’s stock had a trading volume of 10,210 shares, compared to its average volume of 8,751. Sumitomo Electric Industries has a 52 week low of $12.80 and a 52 week high of $21.04. The company has a fifty day simple moving average of $18.29 and a two-hundred day simple moving average of $16.57.

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