Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Stock Short Interest Rises 198.2%

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 240,957 shares, an increase of 198.2% from the August 31st total of 80,791 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,920,660 shares, the short-interest ratio is presently 0.1 days.

Sumitomo Electric Industries Trading Up 1.3%

Shares of SMTOY stock opened at $6.96 on Friday. The stock has a 50 day simple moving average of $6.90 and a 200-day simple moving average of $42.20. Sumitomo Electric Industries has a 12-month low of $3.50 and a 12-month high of $11.14. The company has a market cap of $44.21 billion, a price-to-earnings ratio of 16.57 and a beta of 1.04.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $7.75 billion.

Sumitomo Electric Industries Company Profile

Sumitomo Electric Industries, Ltd. is a Japan-based manufacturer of electrical and electronic products serving the automotive, telecommunications, energy, industrial and electronics markets. The company develops and supplies products including automotive wire harnesses and components, electric wires and cables, optical fiber and related communications equipment, and electronic materials.

Its other businesses include power transmission and distribution products, energy-storage and energy-management systems, semiconductor and electronic components, industrial materials, cutting tools and sintered products.