Sumco Co. (OTCMKTS:SUMCF) Sees Significant Drop in Short Interest

Sumco Co. (OTCMKTS:SUMCF) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 3,070,479 shares, a drop of 35.2% from the July 30th total of 4,738,862 shares. Based on an average daily volume of 5,594 shares, the days-to-cover ratio is presently 548.9 days.

Sumco Trading Up 5.0%

SUMCF stock opened at $22.23 on Tuesday. The firm has a 50 day moving average of $24.74 and a 200-day moving average of $19.05. Sumco has a 12-month low of $7.09 and a 12-month high of $36.43.

About Sumco

Sumco Corporation is a Tokyo-based manufacturer specializing in high-purity silicon wafers, a critical substrate for semiconductor device fabrication. Established in 1999 through the merger of the silicon wafer operations of Sumitomo Metal Industries and Mitsubishi Materials, the company has grown to become one of the world’s leading suppliers of mono- and polycrystalline silicon wafers. These wafers serve as fundamental components for integrated circuits in applications ranging from consumer electronics and automotive systems to industrial machinery and telecommunications equipment.

The company’s product portfolio includes standard and advanced wafer technologies, such as silicon-on-insulator (SOI) wafers, epitaxial (epi) wafers, and specialty substrates designed for next-generation device architectures.