SUMCO (OTCMKTS:SUOPY) Short Interest Update

by · The Markets Daily

SUMCO (OTCMKTS:SUOPY – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 7,566 shares, an increase of 251.7% from the August 31st total of 2,151 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 24,499 shares, the short-interest ratio is currently 0.3 days.

SUMCO Stock Performance

Shares of OTCMKTS SUOPY opened at $39.83 on Friday. The business has a fifty day simple moving average of $42.63 and a 200 day simple moving average of $39.89. The company has a current ratio of 3.37, a quick ratio of 1.53 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of -38.67 and a beta of 1.56. SUMCO has a one year low of $14.55 and a one year high of $69.37.

SUMCO (OTCMKTS:SUOPY – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.16) EPS for the quarter. SUMCO had a negative return on equity of 4.24% and a negative net margin of 6.60%.The firm had revenue of $712.93 million during the quarter. Sell-side analysts expect that SUMCO will post -0.62 EPS for the current year.

About SUMCO

(Get Free Report)

SUMCO Corporation is a Japan-based manufacturer of semiconductor silicon wafers. The company supplies highly engineered silicon substrates used by semiconductor manufacturers to produce integrated circuits and other electronic components.

Its product portfolio includes polished silicon wafers, epitaxial wafers and other wafer products in a range of sizes and specifications, including large-diameter wafers used in advanced semiconductor manufacturing. SUMCO also provides wafer-related technical support and manufacturing services tailored to customer process requirements.

The company was formed through the integration of silicon-wafer operations formerly associated with Sumitomo Metal Industries and Mitsubishi Materials, and adopted the SUMCO name in 2002.

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