Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Short Interest Update

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 55,079 shares, an increase of 46.9% from the November 30th total of 37,486 shares. Based on an average daily volume of 144,364 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 144,364 shares, the days-to-cover ratio is presently 0.4 days.

Sumitomo Electric Industries Stock Performance

OTCMKTS SMTOY opened at $40.40 on Wednesday. The company has a 50-day simple moving average of $39.21 and a two-hundred day simple moving average of $30.53. Sumitomo Electric Industries has a 12-month low of $12.12 and a 12-month high of $45.75.

Sumitomo Electric Industries Company Profile

Sumitomo Electric Industries, Ltd. is a diversified Japanese industrial manufacturing company renowned for its expertise in electric wire and cable technologies. The company operates through multiple business segments, including power and communications systems, automotive and electronics materials, and industrial materials. Its product portfolio spans high-performance power cables, optical fibers, wiring harnesses, and various electronic components designed to serve the needs of energy utilities, telecommunications carriers, automotive manufacturers and industrial clients worldwide.

In the power and communications segment, Sumitomo Electric produces underground and submarine power cables, cable accessories and optical fiber cables for high-speed data transmission.