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

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

Sumitomo Electric Industries Stock Performance

Shares of SMTOY traded up $0.60 during trading hours on Thursday, hitting $17.56. 10,126 shares of the company were exchanged, compared to its average volume of 8,592. The firm’s 50 day moving average is $18.27 and its 200-day moving average is $16.56. Sumitomo Electric Industries has a 52 week low of $12.80 and a 52 week high of $21.04.

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

Sumitomo Electric Industries Company Profile

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.