Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Short Interest Update

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 2,700 shares, a decrease of 77.7% from the November 15th total of 12,100 shares. Based on an average daily volume of 22,500 shares, the days-to-cover ratio is presently 0.1 days.

Sumitomo Electric Industries Stock Performance

Shares of SMTOY traded up $0.56 during mid-day trading on Wednesday, reaching $19.33. The company had a trading volume of 11,511 shares, compared to its average volume of 12,387. Sumitomo Electric Industries has a 52 week low of $11.93 and a 52 week high of $21.04. The firm has a 50-day moving average price of $17.18 and a 200 day moving average price of $16.26.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.37 earnings per share for the quarter. The business had revenue of $7.61 billion during the quarter.

About Sumitomo Electric Industries

Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables worldwide. It operates through Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others segments. The company offers wiring harnesses and electrical components; steel cords for tire reinforcement; steel wires for springs; wiring materials; optical lenses for infrared devices; abrasion-resistant parts/materials; heat shrink and heat-resistant tubing/tapes; magnet and aluminum bars/wires; products for electronic devices; sintered parts; and EV quick-charger connector assemblies.