Short Interest in Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Declines By 36.4%

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 4,200 shares, a drop of 36.4% from the February 13th total of 6,600 shares. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is presently 0.2 days.

Sumitomo Electric Industries Stock Up 0.8 %

SMTOY opened at $17.74 on Monday. The firm’s fifty day moving average price is $18.12 and its two-hundred day moving average price is $17.47. Sumitomo Electric Industries has a 1 year low of $12.80 and a 1 year high of $21.51.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter.

Sumitomo Electric Industries Company Profile

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.