Sumco Co. (OTCMKTS:SUOPY) Sees Significant Growth in Short Interest

Sumco Co. (OTCMKTS:SUOPY) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,100 shares, an increase of 57.1% from the March 15th total of 700 shares. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

Sumco Stock Up 6.5 %

Shares of Sumco stock opened at $12.78 on Friday. The company has a market cap of $2.24 billion, a P/E ratio of 17.04 and a beta of 1.01. The firm has a fifty day moving average of $14.59 and a two-hundred day moving average of $16.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.20 and a current ratio of 2.51. Sumco has a one year low of $10.29 and a one year high of $33.54.

Sumco (OTCMKTS:SUOPY) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.13. Sumco had a net margin of 4.99% and a return on equity of 3.97%.

About Sumco

Sumco Corporation manufactures and sells silicon wafers for the semiconductor industry in Japan, the United States, China, Taiwan, Korea, and internationally. It provides monocrystalline ingots, as well as polished, annealed, epitaxial, junction isolated, silicon-on-insulator, and reclaimed polished wafers.