Sumitomo Co. (OTCMKTS:SSUMY) Sees Significant Growth in Short Interest

Sumitomo Co. (OTCMKTS:SSUMY - Get Free Report) was the target of a significant increase in short interest in 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 trading volume of 319,900 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are sold short.

Sumitomo Stock Performance

SSUMY traded down $0.44 during midday trading on Friday, reaching $24.40. The company had a trading volume of 82,662 shares, compared to its average volume of 79,849. Sumitomo has a 12-month low of $19.00 and a 12-month high of $28.90. The business has a 50-day moving average price of $23.18 and a two-hundred day moving average price of $22.08. The stock has a market cap of $29.55 billion, a PE ratio of 12.26, a P/E/G ratio of 0.67 and a beta of 0.58. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.24 and a current ratio of 1.77.

Sumitomo (OTCMKTS:SSUMY - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The conglomerate reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. Sumitomo had a return on equity of 7.73% and a net margin of 5.42%. The business had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $11.78 billion. On average, sell-side analysts expect that Sumitomo will post 2.82 earnings per share for the current fiscal year.

Sumitomo Company Profile

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.