Sumitomo Co. (OTCMKTS:SSUMY) Short Interest Down 83.9% in October

Sumitomo Co. (OTCMKTS:SSUMY) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 11,000 shares, a drop of 83.9% from the October 15th total of 68,300 shares. Based on an average trading volume of 133,900 shares, the days-to-cover ratio is presently 0.1 days.

Sumitomo Stock Up 0.0 %

Shares of SSUMY stock traded up $0.01 during trading hours on Tuesday, reaching $21.61. 88,162 shares of the company’s stock were exchanged, compared to its average volume of 49,065. Sumitomo has a fifty-two week low of $19.00 and a fifty-two week high of $28.90. The company has a market cap of $26.17 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 0.56 and a beta of 0.71. The company has a current ratio of 1.65, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average is $22.24 and its 200-day moving average is $24.02.

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.