Short Interest in Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Declines By 71.1%

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOYGet Rating) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totalling 1,300 shares, a decline of 71.1% from the April 30th total of 4,500 shares. Based on an average daily trading volume, of 8,700 shares, the short-interest ratio is presently 0.1 days.

Sumitomo Electric Industries Stock Down 1.0 %

SMTOY traded down $0.12 during trading on Friday, reaching $12.20. 4,838 shares of the company’s stock were exchanged, compared to its average volume of 7,016. Sumitomo Electric Industries has a fifty-two week low of $9.96 and a fifty-two week high of $13.34. The business has a 50 day moving average price of $12.56 and a 200 day moving average price of $12.05.

Sumitomo Electric Industries Company Profile

(Get Rating)

Sumitomo Electric Industries, Ltd. engages in the manufacture and sale of electrical wires, cables, and other communication wiring products. It operates through the following business segments: Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others. The Automotive segment supplies wiring harnesses, anti-vibration rubber products, and other automotive parts.

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