Sumitomo Co. (OTCMKTS:SSUMY) Short Interest Update

Sumitomo Co. (OTCMKTS:SSUMYGet Free Report) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 53,500 shares, an increase of 21.3% from the February 13th total of 44,100 shares. Based on an average trading volume of 215,500 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Sumitomo Price Performance

Shares of OTCMKTS:SSUMY traded up $1.43 during trading hours on Tuesday, hitting $24.80. 160,779 shares of the company’s stock traded hands, compared to its average volume of 70,608. Sumitomo has a 52 week low of $19.00 and a 52 week high of $28.90. The company’s fifty day simple moving average is $22.01 and its two-hundred day simple moving average is $21.94. The company has a market cap of $30.04 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 0.67 and a beta of 0.71. 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:SSUMYGet Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $0.89 earnings per share (EPS) for the quarter. Sumitomo had a return on equity of 7.73% and a net margin of 5.42%. As a group, equities analysts anticipate that Sumitomo will post 2.82 EPS for the current fiscal year.

About Sumitomo

(Get Free Report)

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.

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