Sumco Co. (OTCMKTS:SUMCF) Sees Large Decline in Short Interest

Sumco Co. (OTCMKTS:SUMCF) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 3,070,479 shares, a decline of 35.2% from the July 30th total of 4,738,862 shares. Based on an average trading volume of 5,594 shares, the days-to-cover ratio is currently 548.9 days.

Sumco Stock Up 5.0%

OTCMKTS:SUMCF opened at $22.23 on Tuesday. Sumco has a one year low of $7.09 and a one year high of $36.43. The stock has a 50 day moving average price of $24.74 and a 200 day moving average price of $19.05.

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.