Short Interest in Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Rises By 407.7%

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 6,600 shares, a growth of 407.7% from the January 31st total of 1,300 shares. Based on an average trading volume of 18,900 shares, the days-to-cover ratio is presently 0.3 days.

Sumitomo Electric Industries Stock Up 1.4 %

OTCMKTS SMTOY traded up $0.24 during mid-day trading on Friday, hitting $17.83. The stock had a trading volume of 4,622 shares, compared to its average volume of 11,077. The firm’s 50 day moving average is $18.14 and its 200 day moving average is $17.31. Sumitomo Electric Industries has a twelve month low of $12.80 and a twelve month high of $21.51.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last issued its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter.

About Sumitomo Electric Industries

Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables worldwide. It operates through Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others segments. The company offers wiring harnesses and electrical components; steel cords for tire reinforcement; steel wires for springs; wiring materials; optical lenses for infrared devices; abrasion-resistant parts/materials; heat shrink and heat-resistant tubing/tapes; magnet and aluminum bars/wires; products for electronic devices; sintered parts; and EV quick-charger connector assemblies.