SUMCO (OTCMKTS:SUOPY) Short Interest Update

SUMCO (OTCMKTS:SUOPY) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 39,691 shares, a growth of 374.5% from the July 30th total of 8,365 shares. Based on an average trading volume of 34,993 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.0% of the company’s stock are sold short.

SUMCO Stock Up 2.8%

Shares of OTCMKTS SUOPY opened at $44.46 on Wednesday. The stock has a market cap of $7.77 billion, a P/E ratio of -43.17 and a beta of 1.52. The business’s fifty day simple moving average is $49.44 and its 200-day simple moving average is $36.98. SUMCO has a 12-month low of $14.55 and a 12-month high of $69.37. The company has a current ratio of 3.36, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52.

SUMCO (OTCMKTS:SUOPY) last released 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 company had revenue of $712.93 million for the quarter. As a group, equities analysts predict that SUMCO will post -0.62 EPS for the current fiscal year.

About SUMCO

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.