Sumitomo Co. (OTCMKTS:SSUMY) Short Interest Up 1,116.7% in December

Sumitomo Co. (OTCMKTS:SSUMY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 94,900 shares, an increase of 1,116.7% from the December 15th total of 7,800 shares. Based on an average trading volume of 151,600 shares, the days-to-cover ratio is presently 0.6 days.

Sumitomo Price Performance

SSUMY traded down $0.96 on Monday, hitting $20.45. 69,592 shares of the company were exchanged, compared to its average volume of 67,665. The firm has a market capitalization of $24.77 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 0.65 and a beta of 0.71. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.65. The business’s fifty day moving average is $21.42 and its 200 day moving average is $22.58. Sumitomo has a fifty-two week low of $19.00 and a fifty-two week high of $28.90.

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.