SUMCO (OTCMKTS:SUOPY) Sees Large Decrease in Short Interest

SUMCO (OTCMKTS:SUOPY) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 1,313 shares, a decline of 86.9% from the October 15th total of 9,996 shares. Based on an average daily volume of 49,335 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

SUMCO Trading Up 17.2%

SUOPY stock traded up $4.05 during trading on Wednesday, hitting $27.55. The company had a trading volume of 14,109 shares, compared to its average volume of 12,693. The firm has a market capitalization of $4.82 billion, a P/E ratio of -26.75 and a beta of 1.63. SUMCO has a 52-week low of $14.55 and a 52-week high of $69.37. The company has a 50 day simple moving average of $36.49 and a 200-day simple moving average of $36.20. The company has a quick ratio of 1.53, a current ratio of 3.37 and a debt-to-equity ratio of 0.50.

SUMCO (OTCMKTS:SUOPY) last announced its quarterly earnings data on Wednesday, November 11th. The company reported ($0.16) earnings per share (EPS) for the quarter. SUMCO had a negative return on equity of 4.24% and a negative net margin of 6.60%. As a group, research analysts forecast that SUMCO will post -0.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded SUMCO to a “buy” rating in a report on Tuesday, September 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About SUMCO

SUMCO Corporation is a Japan-based manufacturer of silicon wafers, the foundational materials used to produce semiconductor devices. Its products include polished and epitaxial wafers supplied to semiconductor manufacturers for use in a range of applications. The company was established in 1999 as Sumitomo Mitsubishi Silicon Corporation through the combination of silicon wafer businesses associated with Sumitomo Metal Industries and Mitsubishi Materials. It adopted the SUMCO name in 2002. Headquartered in Japan, SUMCO serves semiconductor manufacturers around the world.