Sumco Co. (OTCMKTS:SUOPY) Sees Significant Increase in Short Interest

Sumco Co. (OTCMKTS:SUOPY) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 2,000 shares, a growth of 185.7% from the May 31st total of 700 shares. Based on an average daily volume of 4,200 shares, the days-to-cover ratio is currently 0.5 days.

Sumco Stock Performance

SUOPY stock remained flat at $28.89 on Friday. 332 shares of the company traded hands, compared to its average volume of 1,783. Sumco has a 52 week low of $24.64 and a 52 week high of $34.84. The company has a current ratio of 2.52, a quick ratio of 1.44 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $30.39 and a 200-day moving average of $31.07. The company has a market capitalization of $5.05 billion, a PE ratio of 23.11 and a beta of 1.12.

Sumco (OTCMKTS:SUOPY) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $629.72 million for the quarter, compared to analysts’ expectations of $598.61 million. Sumco had a net margin of 7.70% and a return on equity of 4.92%. Research analysts forecast that Sumco will post 1.03 earnings per share for the current year.

Sumco Company Profile

Sumco Corporation manufactures and sells silicon wafers for the semiconductor industry in Japan, the United States, China, Taiwan, Korea, and internationally. It provides monocrystalline ingots, as well as polished, annealed, epitaxial, junction isolated, silicon-on-insulator, and reclaimed polished wafers.