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

SUMCO (OTCMKTS:SUOPY) saw a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 1,313 shares, a decrease of 86.9% from the October 15th total of 9,996 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 49,335 shares, the short-interest ratio is currently 0.0 days.

SUMCO Stock Up 17.2%

SUOPY traded up $4.05 on Wednesday, hitting $27.55. The company had a trading volume of 14,109 shares, compared to its average volume of 12,693. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of -26.75 and a beta of 1.63. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.53 and a current ratio of 3.37. The stock has a fifty day moving average price of $36.49 and a 200-day moving average price of $36.20. SUMCO has a 12-month low of $14.55 and a 12-month high of $69.37.

SUMCO (OTCMKTS:SUOPY) last released its quarterly earnings results on Wednesday, November 11th. The company reported ($0.16) EPS for the quarter. SUMCO had a negative net margin of 6.60% and a negative return on equity of 4.24%. Analysts predict that SUMCO will post -0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, UBS Group raised SUMCO to a “buy” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About SUMCO

SUMCO Corporation is a Japan-based manufacturer of silicon wafers, the foundational materials used to produce semiconductor devices. Its products include polished and epitaxial wafers supplied to semiconductor manufacturers for use in a range of applications. The company was established in 1999 as Sumitomo Mitsubishi Silicon Corporation through the combination of silicon wafer businesses associated with Sumitomo Metal Industries and Mitsubishi Materials. It adopted the SUMCO name in 2002. Headquartered in Japan, SUMCO serves semiconductor manufacturers around the world.