Sumco Co. (OTCMKTS:SUOPY – Get Rating) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 1,300 shares, a decrease of 80.0% from the April 30th total of 6,500 shares. Based on an average trading volume of 1,900 shares, the short-interest ratio is currently 0.7 days.
OTCMKTS:SUOPY traded up $0.69 during mid-day trading on Friday, hitting $31.93. The company’s stock had a trading volume of 75,347 shares, compared to its average volume of 2,804. Sumco has a 1 year low of $28.62 and a 1 year high of $50.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.64 and a quick ratio of 2.96. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 12.93 and a beta of 1.36. The business’s fifty day moving average is $30.84 and its two-hundred day moving average is $35.95.
Separately, Zacks Investment Research lowered shares of Sumco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 4th.
Sumco Corporation, together with its subsidiaries, manufactures and sells silicon wafers for the semiconductor industry primarily in Japan, North America, Asia, and Europe. It provides monocrystalline ingots, as well as polished, annealed, epitaxial, junction isolated, silicon-on-insulator, and reclaimed polished wafers.
- Get a free copy of the StockNews.com research report on Sumco (SUOPY)
- Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices
- Affirm Stock Has Affirmed a Bottom
- Airbnb: Bold Competitive Threats & A New World of Travel
- Is RBC Bearings Rolling Into A Reversal?
- Should Dollar General or Dollar Tree Give Investors a Case of FOMO?
Receive News & Ratings for Sumco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sumco and related companies with MarketBeat.com's FREE daily email newsletter.