Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Short Interest Update

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 3,900 shares, a growth of 34.5% from the December 15th total of 2,900 shares. Based on an average daily volume of 11,700 shares, the days-to-cover ratio is presently 0.3 days.

Sumitomo Electric Industries Stock Performance

OTCMKTS SMTOY traded up $0.60 on Thursday, reaching $17.56. The stock had a trading volume of 10,126 shares, compared to its average volume of 8,592. The business has a 50 day moving average price of $18.27 and a 200 day moving average price of $16.56. Sumitomo Electric Industries has a 1 year low of $12.80 and a 1 year high of $21.04.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last released its quarterly earnings results on Friday, November 1st. The company reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $7.61 billion for the quarter.

About Sumitomo Electric Industries

Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables worldwide. It operates through Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others segments. The company offers wiring harnesses and electrical components; steel cords for tire reinforcement; steel wires for springs; wiring materials; optical lenses for infrared devices; abrasion-resistant parts/materials; heat shrink and heat-resistant tubing/tapes; magnet and aluminum bars/wires; products for electronic devices; sintered parts; and EV quick-charger connector assemblies.