Sumco Co. (OTCMKTS:SUMCF – Get Free Report) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 3,901,454 shares, a decrease of 59.5% from the May 31st total of 9,642,297 shares. Based on an average daily volume of 24,465 shares, the days-to-cover ratio is currently 159.5 days.
Sumco Price Performance
SUMCF stock remained flat at $25.08 during mid-day trading on Tuesday. The company’s stock had a trading volume of 12,418 shares, compared to its average volume of 8,203. The company has a fifty day moving average of $21.31 and a two-hundred day moving average of $14.29. Sumco has a 52 week low of $7.09 and a 52 week high of $29.44.
About Sumco
Sumco Corporation is a Tokyo-based manufacturer specializing in high-purity silicon wafers, a critical substrate for semiconductor device fabrication. Established in 1999 through the merger of the silicon wafer operations of Sumitomo Metal Industries and Mitsubishi Materials, the company has grown to become one of the world’s leading suppliers of mono- and polycrystalline silicon wafers. These wafers serve as fundamental components for integrated circuits in applications ranging from consumer electronics and automotive systems to industrial machinery and telecommunications equipment.
The company’s product portfolio includes standard and advanced wafer technologies, such as silicon-on-insulator (SOI) wafers, epitaxial (epi) wafers, and specialty substrates designed for next-generation device architectures.
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