SUMCO (OTCMKTS:SUOPY) Short Interest Up 398.4% in May

SUMCO (OTCMKTS:SUOPY) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 17,425 shares, a growth of 398.4% from the April 30th total of 3,496 shares. Based on an average daily volume of 34,097 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are sold short.

SUMCO Stock Up 12.2%

Shares of OTCMKTS SUOPY traded up $5.40 on Friday, reaching $49.56. 10,289 shares of the company’s stock traded hands, compared to its average volume of 4,985. SUMCO has a 12 month low of $13.15 and a 12 month high of $51.68. The business’s 50 day simple moving average is $30.47 and its two-hundred day simple moving average is $23.08. The company has a market cap of $8.67 billion, a price-to-earnings ratio of -56.96 and a beta of 1.35. The company has a quick ratio of 1.33, a current ratio of 3.21 and a debt-to-equity ratio of 0.48.

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.