SUMCO (OTCMKTS:SUOPY) Short Interest Up 374.5% in August

SUMCO (OTCMKTS:SUOPY) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 39,691 shares, an increase of 374.5% from the July 30th total of 8,365 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 34,993 shares, the short-interest ratio is currently 1.1 days.

SUMCO Stock Performance

Shares of OTCMKTS:SUOPY remained flat at $42.73 during trading on Thursday. The stock had a trading volume of 4,170 shares, compared to its average volume of 27,054. SUMCO has a one year low of $14.55 and a one year high of $69.37. The stock has a market capitalization of $7.47 billion, a P/E ratio of -41.49 and a beta of 1.52. The company has a fifty day moving average price of $49.26 and a two-hundred day moving average price of $37.14. The company has a quick ratio of 1.51, a current ratio of 3.36 and a debt-to-equity ratio of 0.52.

SUMCO (OTCMKTS:SUOPY) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $712.93 million for the quarter. SUMCO had a negative net margin of 6.60% and a negative return on equity of 4.18%. On average, research analysts forecast that SUMCO will post -0.62 earnings per share for the current fiscal year.

About SUMCO

SUMCO Corporation (OTCMKTS: SUOPY) is a premier global supplier of silicon wafers, a foundational material used in the fabrication of semiconductor devices. The company specializes in producing single-crystal silicon wafers in diameters ranging from 150 mm to 300 mm, serving high-performance applications in memory, logic, power devices and discrete components. In addition to its core wafer business, SUMCO offers epitaxial wafers and specialty silicon products designed to meet the exacting requirements of next-generation semiconductor nodes and power electronics.

Founded in 1975 as a spin-off from Mitsubishi Silicon, SUMCO has grown through strategic investments in research and development to advance wafer quality, diameter scaling and defect reduction.