Sumitomo Corp. (OTCMKTS:SSUMY) Short Interest Update

Sumitomo Corp. (OTCMKTS:SSUMY) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 217,365 shares, a growth of 979.7% from the July 15th total of 20,132 shares. Based on an average trading volume of 667,539 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Sumitomo Price Performance

SSUMY opened at $11.28 on Thursday. The company has a 50-day moving average of $25.58 and a 200-day moving average of $35.19. The company has a market capitalization of $53.92 billion, a P/E ratio of 13.55, a PEG ratio of 1.00 and a beta of 0.58. Sumitomo has a 1-year low of $6.55 and a 1-year high of $12.21. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.38.

Sumitomo (OTCMKTS:SSUMY) last issued its earnings results on Friday, July 31st. The conglomerate reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.58). The company had revenue of $12.24 billion during the quarter, compared to analyst estimates of $11.50 billion. Sumitomo had a net margin of 8.23% and a return on equity of 12.39%. Equities analysts expect that Sumitomo will post 1.47 EPS for the current fiscal year.

About Sumitomo

Sumitomo Corporation (OTCMKTS: SSUMY) is a global integrated trading and investment company headquartered in Japan. As one of the country’s major sogo shosha (general trading firms), Sumitomo operates a diversified business portfolio that spans trading, project development, equity investments and provision of services to industrial and consumer markets. The company acts as a commercial intermediary and strategic investor, linking producers, manufacturers and end users across international supply chains.

Sumitomo’s business activities cover a wide range of sectors, including metal products and mining, transportation and construction systems, infrastructure and real estate, energy and chemical products, electronics and digital solutions, and consumer goods and food.