Sumitomo Co. (OTCMKTS:SSUMY - Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 137,400 shares, an increase of 107.9% from the March 31st total of 66,100 shares. Based on an average daily volume of 319,900 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company's stock are short sold.
Sumitomo Stock Up 1.4 %
SSUMY stock traded up $0.35 during trading on Tuesday, reaching $24.70. The stock had a trading volume of 36,570 shares, compared to its average volume of 81,140. Sumitomo has a one year low of $19.00 and a one year high of $28.90. The company's 50 day moving average is $22.98 and its two-hundred day moving average is $22.01. The company has a quick ratio of 1.24, a current ratio of 1.77 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $29.91 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 0.67 and a beta of 0.58.
Sumitomo (OTCMKTS:SSUMY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $0.89 EPS for the quarter. Sumitomo had a return on equity of 7.73% and a net margin of 5.42%. Equities research analysts forecast that Sumitomo will post 2.82 EPS for the current year.
About Sumitomo
(
Get Free Report)
Sumitomo Corporation engages in general trading business worldwide. It operates through six segments: Metal Products; Transportation & Construction Systems; Infrastructure; Media & Digital; Living Related & Real Estate; and Mineral Resources, Energy, Chemical & Electronics. The company provides steel sheets and tubular products; and manufactures, leases, sells, services, and finances ships, aircrafts, motor vehicles, construction equipment, and components and parts.
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