Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Short Interest Up 407.7% in February

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 6,600 shares, a growth of 407.7% from the January 31st total of 1,300 shares. Based on an average daily volume of 18,900 shares, the short-interest ratio is currently 0.3 days.

Sumitomo Electric Industries Stock Down 2.9 %

Shares of Sumitomo Electric Industries stock traded down $0.51 on Friday, hitting $17.32. The stock had a trading volume of 10,789 shares, compared to its average volume of 11,069. Sumitomo Electric Industries has a 52-week low of $12.80 and a 52-week high of $21.51. The company’s 50 day moving average price is $18.13 and its 200 day moving average price is $17.33.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter.

About Sumitomo Electric Industries

Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables worldwide. It operates through Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others segments. The company offers wiring harnesses and electrical components; steel cords for tire reinforcement; steel wires for springs; wiring materials; optical lenses for infrared devices; abrasion-resistant parts/materials; heat shrink and heat-resistant tubing/tapes; magnet and aluminum bars/wires; products for electronic devices; sintered parts; and EV quick-charger connector assemblies.