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

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 7,600 shares, a drop of 30.9% from the September 15th total of 11,000 shares. Based on an average daily trading volume, of 28,600 shares, the short-interest ratio is currently 0.3 days.

Sumitomo Electric Industries Stock Performance

Sumitomo Electric Industries stock traded down $0.24 during mid-day trading on Monday, reaching $16.02. The company had a trading volume of 5,200 shares, compared to its average volume of 12,413. Sumitomo Electric Industries has a fifty-two week low of $10.24 and a fifty-two week high of $17.78. The business has a fifty day simple moving average of $15.92 and a 200 day simple moving average of $15.65.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $7.16 billion for the quarter.

About Sumitomo Electric Industries

Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables worldwide. It operates through Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others segments. The company offers wiring harnesses and electrical components; steel cords for tire reinforcement; steel wires for springs; wiring materials; optical lenses for infrared devices; abrasion-resistant parts/materials; heat shrink and heat-resistant tubing/tapes; magnet and aluminum bars/wires; products for electronic devices; sintered parts; and EV quick-charger connector assemblies.