Short Interest in SUMCO (OTCMKTS:SUOPY) Decreases By 95.4%

SUMCO (OTCMKTS:SUOPY) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 807 shares, a decline of 95.4% from the May 14th total of 17,425 shares. Based on an average daily volume of 9,758 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

SUMCO Stock Performance

SUMCO stock traded down $1.50 during midday trading on Wednesday, hitting $40.75. The company’s stock had a trading volume of 2,971 shares, compared to its average volume of 5,020. SUMCO has a 1-year low of $13.70 and a 1-year high of $55.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.21 and a quick ratio of 1.33. The company has a 50-day moving average price of $35.13 and a two-hundred day moving average price of $24.99. The company has a market cap of $7.13 billion, a price-to-earnings ratio of -46.84 and a beta of 1.52.

SUMCO Company Profile

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.