SUMCO (OTCMKTS:SUOPY) Short Interest Down 59.3% in July

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 - Get Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,100 shares, adeclineof59.3% from the July 15th total of 2,700 shares. Based on an average daily volume of 400 shares, the short-interest ratio is currently 2.8 days. Currently,0.0% of the shares of the company are sold short. Currently,0.0% of the shares of the company are sold short. Based on an average daily volume of 400 shares, the short-interest ratio is currently 2.8 days.

SUMCO Stock Performance

Shares of SUOPY traded down $0.17 during mid-day trading on Thursday, hitting $16.73. 292 shares of the company traded hands, compared to its average volume of 378. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 2.87. The stock has a 50-day moving average price of $15.66 and a two-hundred day moving average price of $14.67. SUMCO has a 1 year low of $10.29 and a 1 year high of $25.00. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 42.90 and a beta of 0.98.

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.