SUMCO (OTCMKTS:SUOPY) Sees Significant Decline in Short Interest

SUMCO (OTCMKTS:SUOPY) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 202 shares, a decline of 93.6% from the December 15th total of 3,163 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,262 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 1,262 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

SUMCO Trading Up 4.6%

Shares of OTCMKTS:SUOPY traded up $0.87 on Monday, hitting $19.85. 1,061 shares of the company’s stock were exchanged, compared to its average volume of 1,344. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 220.56 and a beta of 1.07. SUMCO has a 12 month low of $10.29 and a 12 month high of $24.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.11 and a quick ratio of 1.29. The business’s 50 day simple moving average is $17.44 and its two-hundred day simple moving average is $17.94.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SUOPY. Sanford C. Bernstein upgraded shares of SUMCO from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Nomura Securities raised shares of SUMCO to a “strong-buy” rating in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

About SUMCO

SUMCO Corporation (OTCMKTS: SUOPY) is a premier global supplier of silicon wafers, a foundational material used in the fabrication of semiconductor devices. The company specializes in producing single-crystal silicon wafers in diameters ranging from 150 mm to 300 mm, serving high-performance applications in memory, logic, power devices and discrete components. In addition to its core wafer business, SUMCO offers epitaxial wafers and specialty silicon products designed to meet the exacting requirements of next-generation semiconductor nodes and power electronics.

Founded in 1975 as a spin-off from Mitsubishi Silicon, SUMCO has grown through strategic investments in research and development to advance wafer quality, diameter scaling and defect reduction.