Sumitomo Co. (OTCMKTS:SSUMY) Short Interest Update

Sumitomo Co. (OTCMKTS:SSUMY) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 7,800 shares, an increase of 358.8% from the November 30th total of 1,700 shares. Based on an average daily trading volume, of 105,800 shares, the short-interest ratio is presently 0.1 days.

Sumitomo Stock Performance

OTCMKTS SSUMY traded up $0.24 during trading hours on Friday, reaching $21.71. The company’s stock had a trading volume of 42,727 shares, compared to its average volume of 51,095. The company has a current ratio of 1.65, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52. Sumitomo has a 52 week low of $19.00 and a 52 week high of $28.90. The business has a 50-day simple moving average of $21.39 and a 200 day simple moving average of $22.87. The stock has a market cap of $26.29 billion, a PE ratio of 12.13, a PEG ratio of 0.65 and a beta of 0.71.

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.