Short Interest in SUMCO (OTCMKTS:SUOPY) Declines By 59.3%

Key Points

• Short interest in SUMCO (OTCMKTS:SUOPY) decreased by 59.3% in July, dropping from 2,700 shares to 1,100 shares.
• The current short-interest ratio for SUMCO is 2.8 days, indicating low short selling activity with 0.0% of the company’s stock currently being short sold.
• SUMCO's stock opened at $16.20 on Friday, with a market cap of $2.84 billion and a P/E ratio of 41.54.

SUMCO (OTCMKTS:SUOPY - ) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,100 shares, adecreaseof59.3% from the July 15th total of 2,700 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 2.8 days. Currently,0.0% of the company's stock are short sold. Currently,0.0% of the company's stock are short sold. Based on an average daily volume of 400 shares, the short-interest ratio is presently 2.8 days.

SUMCO Stock Performance

Shares of SUOPY stock opened at $16.20 on Friday. SUMCO has a fifty-two week low of $10.29 and a fifty-two week high of $25.00. The firm has a market cap of $2.84 billion, a P/E ratio of 41.54 and a beta of 0.98. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.87 and a quick ratio of 1.30. The stock's 50-day moving average is $15.48 and its two-hundred day moving average is $14.63.

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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