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

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY – Get 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

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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.