Sumitomo Co. (OTCMKTS:SSUMY) Short Interest Update

Sumitomo Co. (OTCMKTS:SSUMY) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 53,500 shares, an increase of 21.3% from the February 13th total of 44,100 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 215,500 shares, the days-to-cover ratio is presently 0.2 days.

Sumitomo Trading Down 1.8 %

Shares of SSUMY opened at $24.36 on Wednesday. Sumitomo has a one year low of $19.00 and a one year high of $28.90. The stock has a 50-day moving average price of $22.06 and a 200 day moving average price of $21.95. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.24 and a current ratio of 1.77. The company has a market capitalization of $29.50 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.67 and a beta of 0.71.

Sumitomo (OTCMKTS:SSUMY) last released its earnings results on Tuesday, February 4th. The conglomerate reported $0.89 EPS for the quarter. Sumitomo had a return on equity of 7.73% and a net margin of 5.42%. Sell-side analysts forecast that Sumitomo will post 2.82 EPS for the current fiscal year.

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.