SUMCO (OTCMKTS:SUOPY) Short Interest Up 1,081.8% in July

SUMCO (OTCMKTS:SUOPY) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 54,506 shares, an increase of 1,081.8% from the June 30th total of 4,612 shares. Based on an average daily trading volume, of 38,489 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.0% of the shares of the company are short sold.

SUMCO Stock Down 2.8%

Shares of OTCMKTS:SUOPY opened at $43.51 on Friday. The firm has a fifty day moving average price of $50.03 and a 200 day moving average price of $33.15. SUMCO has a 1-year low of $14.55 and a 1-year high of $69.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.36 and a quick ratio of 1.51. The stock has a market cap of $7.61 billion, a P/E ratio of -50.01 and a beta of 1.50.

SUMCO Company Profile

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.