Sumitomo Corp. (OTCMKTS:SSUMY) Short Interest Update

Sumitomo Corp. (OTCMKTS:SSUMY - Get Free Report) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 73,300 shares, a growth of 59.0% from the May 15th total of 46,100 shares. Based on an average daily trading volume, of 247,300 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company's stock are sold short.

Sumitomo Stock Up 1.0%

Shares of OTCMKTS SSUMY traded up $0.26 during mid-day trading on Wednesday, reaching $25.15. The company had a trading volume of 72,158 shares, compared to its average volume of 86,363. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.05 and a current ratio of 1.56. The company has a market capitalization of $30.46 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 5.85 and a beta of 0.64. The stock has a fifty day moving average of $24.67 and a two-hundred day moving average of $22.98. Sumitomo has a 12-month low of $19.00 and a 12-month high of $26.67.

Sumitomo (OTCMKTS:SSUMY - Get Free Report) last released its earnings results on Thursday, May 1st. The conglomerate reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $11.78 billion. Sumitomo had a net margin of 7.71% and a return on equity of 11.60%. As a group, equities research analysts expect that Sumitomo will post 2.82 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Nomura Securities raised Sumitomo to a "strong-buy" rating in a research note on Wednesday, May 28th.

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.