Sumitomo Corp. (OTCMKTS:SSUMY) Short Interest Update

Sumitomo Corp. (OTCMKTS:SSUMY) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 20,132 shares, an increase of 140.4% from the June 30th total of 8,375 shares. Based on an average daily volume of 531,661 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Sumitomo Trading Up 0.2%

Sumitomo stock opened at $9.80 on Wednesday. Sumitomo has a one year low of $6.38 and a one year high of $12.21. The company’s fifty day moving average price is $33.00 and its two-hundred day moving average price is $37.34. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.38 and a quick ratio of 1.01. The company has a market capitalization of $46.85 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 0.87 and a beta of 0.58.

Sumitomo (OTCMKTS:SSUMY) last announced its quarterly earnings results on Friday, May 1st. The conglomerate reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. The company had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $14.01 billion. Sumitomo had a return on equity of 12.21% and a net margin of 8.19%. On average, analysts forecast that Sumitomo will post 1.47 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.