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

SUMCO (OTCMKTS:SUOPY) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 500 shares, a drop of 81.5% from the September 30th total of 2,700 shares. Based on an average daily volume of 800 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 800 shares, the short-interest ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Sanford C. Bernstein lowered shares of SUMCO from a “hold” rating to a “strong sell” rating in a report on Friday. Nomura Securities raised shares of SUMCO to a “strong-buy” rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, SUMCO currently has a consensus rating of “Moderate Buy”.

SUMCO Price Performance

Shares of SUMCO stock opened at $21.90 on Tuesday. The firm has a market cap of $3.83 billion, a PE ratio of 56.16 and a beta of 1.18. SUMCO has a 12-month low of $10.29 and a 12-month high of $24.15. The company has a quick ratio of 1.28, a current ratio of 2.97 and a debt-to-equity ratio of 0.50. The company’s fifty day simple moving average is $19.61 and its two-hundred day simple moving average is $16.31.

SUMCO Company Profile

Sumco Corporation manufactures and sells silicon wafers for the semiconductor industry in Japan, the United States, China, Taiwan, Korea, and internationally. It provides monocrystalline ingots, as well as polished, annealed, epitaxial, junction isolated, silicon-on-insulator, and reclaimed polished wafers.