Short Interest in Sumitomo Co. (OTCMKTS:SSUMY) Declines By 17.4%

Sumitomo Co. (OTCMKTS:SSUMY) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 78,400 shares, a decrease of 17.4% from the December 31st total of 94,900 shares. Based on an average daily volume of 157,800 shares, the short-interest ratio is currently 0.5 days.

Sumitomo Stock Down 1.1 %

Shares of OTCMKTS:SSUMY opened at $21.64 on Friday. The firm has a 50 day simple moving average of $21.36 and a 200-day simple moving average of $22.17. Sumitomo has a twelve month low of $19.00 and a twelve month high of $28.90. The company has a current ratio of 1.77, a quick ratio of 1.24 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $26.21 billion, a PE ratio of 11.87, a P/E/G ratio of 0.68 and a beta of 0.71.

Sumitomo (OTCMKTS:SSUMY) last announced its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.71 earnings per share for the quarter. The firm had revenue of $11.74 billion during the quarter. Sumitomo had a net margin of 4.97% and a return on equity of 7.31%. On average, equities analysts predict that Sumitomo will post 2.76 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.