SUMCO (OTCMKTS:SUOPY – Get Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 2,151 shares, a drop of 94.6% from the August 15th total of 39,691 shares. Based on an average daily volume of 53,087 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.
SUMCO Trading Up 2.5%
Shares of SUMCO stock opened at $39.30 on Friday. The stock has a fifty day simple moving average of $46.72 and a 200 day simple moving average of $38.70. SUMCO has a 12-month low of $14.55 and a 12-month high of $69.37. The company has a market capitalization of $6.87 billion, a P/E ratio of -38.16 and a beta of 1.56. The company has a current ratio of 3.37, a quick ratio of 1.51 and a debt-to-equity ratio of 0.50.
SUMCO (OTCMKTS:SUOPY – Get Free Report) last released its quarterly 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 4.24%. The company had revenue of $712.93 million during the quarter. On average, sell-side analysts anticipate that SUMCO will post -0.62 earnings per share for the current fiscal year.
SUMCO Company Profile
SUMCO Corporation is a Japan-based manufacturer of semiconductor silicon wafers. The company supplies highly engineered silicon substrates used by semiconductor manufacturers to produce integrated circuits and other electronic components.
Its product portfolio includes polished silicon wafers, epitaxial wafers and other wafer products in a range of sizes and specifications, including large-diameter wafers used in advanced semiconductor manufacturing. SUMCO also provides wafer-related technical support and manufacturing services tailored to customer process requirements.
The company was formed through the integration of silicon-wafer operations formerly associated with Sumitomo Metal Industries and Mitsubishi Materials, and adopted the SUMCO name in 2002.
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