SUMCO (OTCMKTS:SUOPY) Short Interest Up 1,081.8% in July

SUMCO (OTCMKTS:SUOPY) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 54,506 shares, an increase of 1,081.8% from the June 30th total of 4,612 shares. Based on an average daily volume of 38,489 shares, the short-interest ratio is currently 1.4 days. Currently, 0.0% of the shares of the stock are sold short.

SUMCO Trading Down 2.8%

Shares of SUOPY opened at $43.51 on Friday. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of -50.01 and a beta of 1.50. The company has a quick ratio of 1.51, a current ratio of 3.36 and a debt-to-equity ratio of 0.52. SUMCO has a 12-month low of $14.55 and a 12-month high of $69.37. The stock’s 50-day moving average price is $50.03 and its 200 day moving average price is $33.15.

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.