Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Short Interest Up 407.7% in February

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 6,600 shares, an increase of 407.7% from the January 31st total of 1,300 shares. Based on an average daily trading volume, of 18,900 shares, the days-to-cover ratio is presently 0.3 days.

Sumitomo Electric Industries Stock Performance

Sumitomo Electric Industries stock traded down $0.51 during trading on Friday, reaching $17.32. 10,789 shares of the company were exchanged, compared to its average volume of 11,069. Sumitomo Electric Industries has a 52-week low of $12.80 and a 52-week high of $21.51. The stock’s 50 day simple moving average is $18.13 and its two-hundred day simple moving average is $17.33.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) 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.