Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Short Interest Down 36.4% in February

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 4,200 shares, a drop of 36.4% from the February 13th total of 6,600 shares. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is currently 0.2 days.

Sumitomo Electric Industries Trading Up 0.8 %

Shares of Sumitomo Electric Industries stock traded up $0.14 during trading hours on Friday, reaching $17.74. The company’s stock had a trading volume of 4,307 shares, compared to its average volume of 11,353. The company’s 50 day simple moving average is $18.12 and its 200 day simple moving average is $17.46. Sumitomo Electric Industries has a one year low of $12.80 and a one year high of $21.51.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last issued its 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.