Short Interest in Sumitomo Co. (OTCMKTS:SSUMY) Declines By 28.2%

Sumitomo Co. (OTCMKTS:SSUMY) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 7,900 shares, a drop of 28.2% from the October 31st total of 11,000 shares. Based on an average daily trading volume, of 123,700 shares, the days-to-cover ratio is presently 0.1 days.

Sumitomo Price Performance

Sumitomo stock traded up $0.64 during midday trading on Friday, reaching $21.46. The company’s stock had a trading volume of 24,421 shares, compared to its average volume of 50,290. The business has a 50-day moving average price of $21.81 and a 200-day moving average price of $23.48. The stock has a market cap of $25.99 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 0.54 and a beta of 0.71. Sumitomo has a 52 week low of $19.00 and a 52 week high of $28.90. The company has a current ratio of 1.65, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52.

Sumitomo Company Profile

Sumitomo Corporation engages in general trading business worldwide. It operates through six segments: Metal Products; Transportation & Construction Systems; Infrastructure; Media & Digital; Living Related & Real Estate; and Mineral Resources, Energy, Chemical & Electronics. The company provides steel sheets and tubular products; and manufactures, leases, sells, services, and finances ships, aircrafts, motor vehicles, construction equipment, and components and parts.