Sumco Co. (OTCMKTS:SUOPY) Sees Significant Growth in Short Interest

Sumco Co. (OTCMKTS:SUOPY - Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 1,300 shares, an increase of 550.0% from the March 15th total of 200 shares. Based on an average trading volume of 5,800 shares, the days-to-cover ratio is currently 0.2 days.

Sumco Stock Up 1.2 %

Shares of OTCMKTS SUOPY traded up $0.41 during mid-day trading on Wednesday, reaching $33.98. 485 shares of the company traded hands, compared to its average volume of 2,785. The company's fifty day moving average is $31.74 and its two-hundred day moving average is $29.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.25 and a current ratio of 2.32. Sumco has a fifty-two week low of $24.64 and a fifty-two week high of $34.84. The stock has a market cap of $5.94 billion, a PE ratio of 18.67 and a beta of 1.19.

Sumco (OTCMKTS:SUOPY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.19 EPS for the quarter. Sumco had a return on equity of 7.02% and a net margin of 15.44%. The company had revenue of $711.67 million for the quarter. On average, analysts expect that Sumco will post 1.75 earnings per share for the current year.

About Sumco

Sumco Corporation manufactures and sells silicon wafers for the semiconductor industry in Japan, the United States, China, Taiwan, Korea, and internationally. It provides monocrystalline ingots, as well as polished, annealed, epitaxial, junction isolated, silicon-on-insulator, and reclaimed polished wafers.

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