Sumitomo Co. (OTCMKTS:SSUMY) Sees Large Decline in Short Interest

Sumitomo Co. (OTCMKTS:SSUMY) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 11,000 shares, a decline of 83.9% from the October 15th total of 68,300 shares. Based on an average daily volume of 133,900 shares, the short-interest ratio is presently 0.1 days.

Sumitomo Trading Up 0.0 %

SSUMY stock traded up $0.01 during midday trading on Tuesday, reaching $21.61. 88,162 shares of the company’s stock traded hands, compared to its average volume of 49,065. The company has a market capitalization of $26.17 billion, a P/E ratio of 12.07, a PEG ratio of 0.56 and a beta of 0.71. The business has a 50-day moving average price of $22.24 and a two-hundred day moving average price of $24.02. Sumitomo has a fifty-two week low of $19.00 and a fifty-two week high of $28.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.65 and a quick ratio of 1.17.

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.