Sumitomo Corp. (OTCMKTS:SSUMY) Short Interest Down 37.0% in January

Sumitomo Corp. (OTCMKTS:SSUMY) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 46,250 shares, a decrease of 37.0% from the December 31st total of 73,365 shares. Based on an average daily trading volume, of 184,139 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 184,139 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Sumitomo from a “hold” rating to a “strong sell” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Sumitomo presently has an average rating of “Moderate Buy”.

Sumitomo Trading Up 0.7%

SSUMY stock opened at $41.20 on Friday. Sumitomo has a 52 week low of $19.18 and a 52 week high of $42.52. The company has a market capitalization of $49.57 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 1.59 and a beta of 0.47. The company’s 50-day simple moving average is $35.27 and its 200 day simple moving average is $30.93. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.57.

Sumitomo (OTCMKTS:SSUMY) last posted its quarterly earnings data on Friday, October 31st. The conglomerate reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.13). Sumitomo had a net margin of 8.34% and a return on equity of 12.31%. The business had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.60 billion. As a group, sell-side analysts anticipate that Sumitomo will post 2.82 earnings per share for the current year.

Sumitomo Company Profile

Sumitomo Corporation (OTCMKTS: SSUMY) is a global integrated trading and investment company headquartered in Japan. As one of the country’s major sogo shosha (general trading firms), Sumitomo operates a diversified business portfolio that spans trading, project development, equity investments and provision of services to industrial and consumer markets. The company acts as a commercial intermediary and strategic investor, linking producers, manufacturers and end users across international supply chains.

Sumitomo’s business activities cover a wide range of sectors, including metal products and mining, transportation and construction systems, infrastructure and real estate, energy and chemical products, electronics and digital solutions, and consumer goods and food.