SUMCO (OTCMKTS:SUOPY) Shares Shorted: Short Interest Down 86.9% in October

SUMCO (OTCMKTS:SUOPY) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 1,313 shares, a drop of 86.9% from the October 15th total of 9,996 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 49,335 shares, the short-interest ratio is presently 0.0 days.

SUMCO Stock Down 4.1%

SUMCO stock traded down $1.11 during trading on Friday, reaching $26.00. The stock had a trading volume of 43,501 shares, compared to its average volume of 12,957. The company has a quick ratio of 1.53, a current ratio of 3.37 and a debt-to-equity ratio of 0.50. SUMCO has a 52-week low of $14.55 and a 52-week high of $69.37. The stock has a market cap of $4.55 billion, a PE ratio of -38.81 and a beta of 1.63. The business has a 50 day moving average price of $35.98 and a 200 day moving average price of $36.26.

SUMCO (OTCMKTS:SUOPY) last announced its quarterly earnings data on Wednesday, November 11th. The company reported ($0.16) EPS for the quarter. SUMCO had a negative net margin of 4.21% and a negative return on equity of 4.31%. The firm had revenue of $738.42 million during the quarter. On average, analysts predict that SUMCO will post -0.62 EPS for the current year.

Wall Street Analyst Weigh In

Separately, UBS Group raised SUMCO to a “buy” rating in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

SUMCO Company Profile

SUMCO Corporation is a Japan-based manufacturer of silicon wafers, the foundational materials used to produce semiconductor devices. Its products include polished and epitaxial wafers supplied to semiconductor manufacturers for use in a range of applications. The company was established in 1999 as Sumitomo Mitsubishi Silicon Corporation through the combination of silicon wafer businesses associated with Sumitomo Metal Industries and Mitsubishi Materials. It adopted the SUMCO name in 2002. Headquartered in Japan, SUMCO serves semiconductor manufacturers around the world.