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

Sumitomo Co. (OTCMKTS:SSUMY) saw a large decrease in short interest in January. As of January 15th, there was short interest totalling 78,400 shares, a decrease of 17.4% from the December 31st total of 94,900 shares. Based on an average daily volume of 157,800 shares, the short-interest ratio is currently 0.5 days.

Sumitomo Trading Down 1.1 %

Shares of SSUMY stock traded down $0.24 on Friday, hitting $21.64. 60,837 shares of the company’s stock traded hands, compared to its average volume of 63,880. The stock has a market capitalization of $26.21 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 0.68 and a beta of 0.71. The company’s fifty day simple moving average is $21.36 and its 200 day simple moving average is $22.17. Sumitomo has a one year low of $19.00 and a one year high of $28.90. 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) last announced its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.71 earnings per share (EPS) for the quarter. Sumitomo had a return on equity of 7.31% and a net margin of 4.97%. The firm had revenue of $11.74 billion for the quarter. Equities analysts forecast that Sumitomo will post 2.76 EPS for the current year.

About Sumitomo

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.