SUMCO (OTCMKTS:SUOPY) Sees Large Decrease in Short Interest

SUMCO (OTCMKTS:SUOPY) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,151 shares, a decline of 94.6% from the August 15th total of 39,691 shares. Based on an average daily volume of 53,087 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

SUMCO Stock Down 3.2%

SUOPY stock traded down $1.25 during trading on Thursday, reaching $38.36. The stock had a trading volume of 10,105 shares, compared to its average volume of 9,497. The company has a quick ratio of 1.51, a current ratio of 3.36 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of -37.24 and a beta of 1.56. SUMCO has a one year low of $14.55 and a one year high of $69.37. The company’s 50 day moving average is $47.38 and its two-hundred day moving average is $38.58.

SUMCO (OTCMKTS:SUOPY) last posted its earnings results on Thursday, August 6th. The company reported ($0.16) EPS for the quarter. SUMCO had a negative return on equity of 4.18% and a negative net margin of 6.60%.The firm had revenue of $712.93 million for the quarter. Equities research analysts forecast that SUMCO will post -0.62 EPS for the current year.

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.