SUMCO (OTCMKTS:SUOPY) Sees Significant Increase in Short Interest

SUMCO (OTCMKTS:SUOPYGet Free Report) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 4,252 shares, an increase of 426.9% from the May 31st total of 807 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 26,216 shares, the days-to-cover ratio is presently 0.2 days.

SUMCO Stock Performance

OTCMKTS SUOPY opened at $47.79 on Friday. SUMCO has a fifty-two week low of $14.55 and a fifty-two week high of $55.80. The stock has a market cap of $8.36 billion, a PE ratio of -54.93 and a beta of 1.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 3.36. The firm’s fifty day moving average price is $41.63 and its two-hundred day moving average price is $27.94.

About SUMCO

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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.

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