Short Interest in Sumitomo Co. (OTCMKTS:SSUMY) Declines By 72.7%

Sumitomo Co. (OTCMKTS:SSUMY) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 21,400 shares, a decline of 72.7% from the January 15th total of 78,400 shares. Based on an average daily trading volume, of 123,800 shares, the short-interest ratio is presently 0.2 days.

Sumitomo Stock Performance

SSUMY stock traded up $0.07 on Wednesday, reaching $22.07. The company’s stock had a trading volume of 28,581 shares, compared to its average volume of 62,103. Sumitomo has a 52 week low of $19.00 and a 52 week high of $28.90. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.77 and a quick ratio of 1.24. The company has a market capitalization of $26.73 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 0.71 and a beta of 0.71. The firm has a fifty day moving average of $21.50 and a two-hundred day moving average of $21.97.

Sumitomo (OTCMKTS:SSUMY) last released its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $0.89 earnings per share (EPS) for the quarter. Sumitomo had a return on equity of 7.73% and a net margin of 5.42%. As a group, analysts predict that Sumitomo will post 2.82 EPS for the current fiscal year.

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.