Sumitomo Co. (OTCMKTS:SSUMY) Short Interest Down 33.5% in June

Sumitomo Co. (OTCMKTS:SSUMY) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 25,000 shares, a drop of 33.5% from the May 31st total of 37,600 shares. Based on an average daily volume of 132,300 shares, the short-interest ratio is presently 0.2 days.

Sumitomo Stock Up 0.6 %

Shares of OTCMKTS SSUMY traded up $0.16 during midday trading on Friday, reaching $25.16. The company’s stock had a trading volume of 46,161 shares, compared to its average volume of 58,595. Sumitomo has a fifty-two week low of $18.51 and a fifty-two week high of $28.90. The company has a current ratio of 1.63, a quick ratio of 1.18 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $25.90 and a 200-day simple moving average of $24.10. The stock has a market capitalization of $30.74 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 0.61 and a beta of 0.72.

Sumitomo (OTCMKTS:SSUMY) last released its earnings results on Thursday, May 2nd. The conglomerate reported ($0.25) earnings per share for the quarter. Sumitomo had a net margin of 5.66% and a return on equity of 8.68%. The firm had revenue of $9.85 billion during the quarter. Equities research analysts predict that Sumitomo will post 2.86 earnings per share for the current year.

About Sumitomo

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.