Sumitomo Co. (OTCMKTS:SSUMY) Short Interest Update

Sumitomo Co. (OTCMKTS:SSUMY) 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:SSUMY) 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

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.