SUMCO (OTCMKTS:SUOPY) Sees Large Growth in Short Interest

Key Points

• SUMCO saw a 350% increase in short interest in July, rising to 2,700 shares from 600 shares in June.
• The company's stock dipped by 2.2%, opening at $15.34 with market metrics including a quick ratio of 1.30 and a debt-to-equity ratio of 0.51.
• SUMCO reported $0.11 earnings per share and revenue of $672.11 million in its latest earnings results, reflecting a net margin of 4.39%.

SUMCO (OTCMKTS:SUOPY - Get Free Report) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 2,700 shares, agrowthof350.0% from the June 30th total of 600 shares. Based on an average daily trading volume, of 900 shares, the short-interest ratio is currently 3.0 days. Based on an average daily trading volume, of 900 shares, the short-interest ratio is currently 3.0 days.

SUMCO Price Performance

Shares of OTCMKTS:SUOPY traded up $0.35 during trading on Tuesday, reaching $16.22. 170 shares of the company's stock traded hands, compared to its average volume of 379. SUMCO has a fifty-two week low of $10.29 and a fifty-two week high of $29.36. The company has a quick ratio of 1.30, a current ratio of 2.87 and a debt-to-equity ratio of 0.51. The company has a 50-day simple moving average of $14.99 and a 200-day simple moving average of $14.55. The firm has a market cap of $2.84 billion, a PE ratio of 24.21 and a beta of 0.98.

SUMCO (OTCMKTS:SUOPY - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.11 earnings per share for the quarter. SUMCO had a return on equity of 3.62% and a net margin of 4.39%. The company had revenue of $672.11 million during the quarter.

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.