Short Interest in Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Declines By 68.4%

Posted by on May 15th, 2026

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY – Get Free Report) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 25,866 shares, a decrease of 68.4% from the April 15th total of 81,909 shares. Based on an average daily trading volume, of 164,037 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of brokerages recently commented on SMTOY. Jefferies Financial Group raised Sumitomo Electric Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Nomura raised Sumitomo Electric Industries to a “strong-buy” rating in a research note on Wednesday, April 1st. Three analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

View Our Latest Research Report on SMTOY

Sumitomo Electric Industries Stock Performance

Shares of OTCMKTS SMTOY opened at $76.99 on Friday. The business’s 50 day moving average price is $64.12 and its 200-day moving average price is $51.65. Sumitomo Electric Industries has a fifty-two week low of $17.95 and a fifty-two week high of $83.12. The company has a market cap of $60.05 billion, a price-to-earnings ratio of 24.92 and a beta of 0.97.

About Sumitomo Electric Industries

(Get Free Report)

Sumitomo Electric Industries, Ltd. is a diversified Japanese industrial manufacturing company renowned for its expertise in electric wire and cable technologies. The company operates through multiple business segments, including power and communications systems, automotive and electronics materials, and industrial materials. Its product portfolio spans high-performance power cables, optical fibers, wiring harnesses, and various electronic components designed to serve the needs of energy utilities, telecommunications carriers, automotive manufacturers and industrial clients worldwide.

In the power and communications segment, Sumitomo Electric produces underground and submarine power cables, cable accessories and optical fiber cables for high-speed data transmission.

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