SUMCO (OTCMKTS:SUOPY) Sees Significant Drop in Short Interest

SUMCO (OTCMKTS:SUOPY) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 131 shares, a decrease of 35.1% from the December 31st total of 202 shares. Based on an average daily trading volume, of 4,813 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 4,813 shares, the short-interest ratio is presently 0.0 days.

SUMCO Trading Up 6.2%

OTCMKTS SUOPY opened at $21.00 on Monday. The company has a quick ratio of 1.29, a current ratio of 3.11 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $3.67 billion, a P/E ratio of 233.33 and a beta of 1.09. SUMCO has a 52-week low of $10.29 and a 52-week high of $24.15. The firm has a 50-day moving average price of $18.23 and a 200 day moving average price of $18.45.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised SUMCO from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

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.