SUMCO (OTCMKTS:SUOPY – Get Free Report) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 39,691 shares, an increase of 374.5% from the July 30th total of 8,365 shares. Based on an average daily trading volume, of 34,993 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.0% of the shares of the stock are sold short.
SUMCO Price Performance
OTCMKTS:SUOPY opened at $43.73 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 3.36. The company has a 50-day moving average of $49.05 and a 200-day moving average of $37.30. SUMCO has a 52 week low of $14.55 and a 52 week high of $69.37. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of -42.45 and a beta of 1.52.
SUMCO (OTCMKTS:SUOPY – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $712.93 million during the quarter. SUMCO had a negative return on equity of 4.18% and a negative net margin of 6.60%. As a group, equities research analysts anticipate that SUMCO will post -0.62 earnings per share for the current fiscal year.
About SUMCO
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.
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