Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Stock Short Interest Report for October

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 125,007 shares, a decline of 69.0% from the October 15th total of 402,806 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,506,246 shares, the days-to-cover ratio is currently 0.1 days.

Sumitomo Electric Industries Stock Down 5.3%

Shares of OTCMKTS:SMTOY traded down $0.26 during trading on Friday, hitting $4.57. 518,878 shares of the company were exchanged, compared to its average volume of 746,420. Sumitomo Electric Industries has a 1-year low of $3.93 and a 1-year high of $11.14. The company has a market capitalization of $28.99 billion, a P/E ratio of 10.38 and a beta of 1.16. The business’s 50 day moving average is $6.39 and its 200-day moving average is $38.06.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last released its quarterly earnings data on Friday, October 30th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.50 billion.

Sumitomo Electric Industries Company Profile

Sumitomo Electric Industries, Ltd. is a Japanese manufacturer of electric wire and cable and a broad range of related products. Founded in 1897, the company traces its origins to copper-wire production and is headquartered in Osaka, Japan. Its businesses include automotive components such as wiring harnesses; information and communications products such as optical fiber and cables; power cables and other energy-related equipment; and industrial materials, including cutting tools and components made from advanced materials.