Sumitomo Corp. (OTCMKTS:SSUMY) Short Interest Up 17.0% in February

Sumitomo Corp. (OTCMKTS:SSUMY) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 103,392 shares, an increase of 17.0% from the February 12th total of 88,407 shares. Based on an average daily trading volume, of 188,156 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 188,156 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Sumitomo from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Sumitomo Stock Performance

Sumitomo stock opened at $35.86 on Tuesday. The firm’s fifty day moving average price is $39.66 and its 200-day moving average price is $34.03. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.89 and a current ratio of 1.26. The stock has a market cap of $43.15 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 1.29 and a beta of 0.46. Sumitomo has a fifty-two week low of $19.18 and a fifty-two week high of $44.15.

Sumitomo (OTCMKTS:SSUMY) last posted its quarterly earnings data on Wednesday, February 4th. The conglomerate reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.20). The company had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.72 billion. Sumitomo had a return on equity of 11.27% and a net margin of 7.56%. On average, equities research analysts expect that Sumitomo will post 2.82 earnings per share for the current fiscal year.

Sumitomo Company Profile

Sumitomo Corporation (OTCMKTS: SSUMY) is a global integrated trading and investment company headquartered in Japan. As one of the country’s major sogo shosha (general trading firms), Sumitomo operates a diversified business portfolio that spans trading, project development, equity investments and provision of services to industrial and consumer markets. The company acts as a commercial intermediary and strategic investor, linking producers, manufacturers and end users across international supply chains.

Sumitomo’s business activities cover a wide range of sectors, including metal products and mining, transportation and construction systems, infrastructure and real estate, energy and chemical products, electronics and digital solutions, and consumer goods and food.