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

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 240,957 shares, an increase of 198.2% from the August 31st total of 80,791 shares. Based on an average daily trading volume, of 1,920,660 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Sumitomo Electric Industries Trading Up 1.3%

Shares of OTCMKTS:SMTOY traded up $0.09 during trading on Friday, reaching $6.96. The company’s stock had a trading volume of 442,331 shares, compared to its average volume of 711,934. Sumitomo Electric Industries has a 12 month low of $3.50 and a 12 month high of $11.14. The firm’s 50 day simple moving average is $6.90 and its two-hundred day simple moving average is $42.20. The stock has a market capitalization of $44.21 billion, a PE ratio of 16.57 and a beta of 1.04.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last released its quarterly earnings results on Friday, July 31st. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The company had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $7.75 billion.

Sumitomo Electric Industries Company Profile

Sumitomo Electric Industries, Ltd. is a Japan-based manufacturer of electrical and electronic products serving the automotive, telecommunications, energy, industrial and electronics markets. The company develops and supplies products including automotive wire harnesses and components, electric wires and cables, optical fiber and related communications equipment, and electronic materials.

Its other businesses include power transmission and distribution products, energy-storage and energy-management systems, semiconductor and electronic components, industrial materials, cutting tools and sintered products.