Sumitomo Co. (OTCMKTS:SSUMY) Sees Significant Decrease in Short Interest

Sumitomo Co. (OTCMKTS:SSUMY) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 78,400 shares, a decline of 17.4% from the December 31st total of 94,900 shares. Based on an average daily volume of 157,800 shares, the short-interest ratio is currently 0.5 days.

Sumitomo Price Performance

Shares of SSUMY stock traded down $0.24 on Friday, reaching $21.64. The company’s stock had a trading volume of 60,837 shares, compared to its average volume of 63,880. The company has a market capitalization of $26.21 billion, a P/E ratio of 12.09, a PEG ratio of 0.68 and a beta of 0.71. Sumitomo has a 12-month low of $19.00 and a 12-month high of $28.90. The stock’s 50 day simple moving average is $21.36 and its 200-day simple moving average is $22.17. The company has a quick ratio of 1.24, a current ratio of 1.77 and a debt-to-equity ratio of 0.55.

Sumitomo (OTCMKTS:SSUMY) last released its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.71 earnings per share for the quarter. Sumitomo had a return on equity of 7.31% and a net margin of 4.97%. The firm had revenue of $11.74 billion for the quarter. As a group, equities analysts predict that Sumitomo will post 2.76 earnings per share for the current fiscal year.

Sumitomo Company Profile

Sumitomo Corporation engages in general trading business worldwide. It operates through six segments: Metal Products; Transportation & Construction Systems; Infrastructure; Media & Digital; Living Related & Real Estate; and Mineral Resources, Energy, Chemical & Electronics. The company provides steel sheets and tubular products; and manufactures, leases, sells, services, and finances ships, aircrafts, motor vehicles, construction equipment, and components and parts.