Sumco Co. (OTCMKTS:SUMCF) Short Interest Down 59.5% in June

Sumco Co. (OTCMKTS:SUMCF) was the recipient of a significant decrease in short interest during 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 trading volume of 24,465 shares, the short-interest ratio is currently 159.5 days.

Sumco Stock Performance

Shares of OTCMKTS:SUMCF opened at $24.54 on Monday. Sumco has a 1-year low of $7.09 and a 1-year high of $29.44. The business has a fifty day moving average price of $21.08 and a 200-day moving average price of $14.18.

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.