SUMCO (OTCMKTS:SUOPY) Short Interest Down 35.1% in January

SUMCO (OTCMKTS:SUOPY) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 131 shares, a drop of 35.1% from the December 31st total of 202 shares. Based on an average trading volume of 4,813 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 4,813 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein upgraded SUMCO from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

SUMCO Stock Performance

SUMCO stock opened at $21.00 on Friday. The company has a current ratio of 3.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average of $18.23 and a 200-day moving average of $18.43. The stock has a market cap of $3.67 billion, a P/E ratio of 233.33 and a beta of 1.07. SUMCO has a 52 week low of $10.29 and a 52 week high of $24.15.

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.