Sumitomo Co. (OTCMKTS:SSUMY) Short Interest Down 28.2% in November

Sumitomo Co. (OTCMKTS:SSUMY) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 7,900 shares, a decrease of 28.2% from the October 31st total of 11,000 shares. Based on an average daily volume of 123,700 shares, the short-interest ratio is currently 0.1 days.

Sumitomo Price Performance

Shares of SSUMY stock traded down $0.14 during trading hours on Friday, reaching $20.82. 41,470 shares of the company were exchanged, compared to its average volume of 67,388. The company has a market cap of $25.22 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 0.54 and a beta of 0.71. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.65 and a quick ratio of 1.17. The stock’s fifty day moving average is $21.84 and its two-hundred day moving average is $23.52. Sumitomo has a fifty-two week low of $19.00 and a fifty-two week high of $28.90.

Sumitomo Company Profile

Sumitomo Corporation engages in general trading business worldwide. It operates through six segments: Metal Products; Transportation & Construction Systems; Infrastructure; Media & Digital; Living Related & Real Estate; and Mineral Resources, Energy, Chemical & Electronics. The company provides steel sheets and tubular products; and manufactures, leases, sells, services, and finances ships, aircrafts, motor vehicles, construction equipment, and components and parts.