SUMCO (OTCMKTS:SUOPY) Sees Large Decline in Short Interest

SUMCO (OTCMKTS:SUOPY) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 131 shares, a drop of 35.1% from the December 31st total of 202 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 4,813 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 4,813 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

SUMCO Trading Up 6.2%

Shares of OTCMKTS SUOPY opened at $21.00 on Friday. The company has a quick ratio of 1.29, a current ratio of 3.11 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average price is $18.23 and its two-hundred day moving average price is $18.42. SUMCO has a 52-week low of $10.29 and a 52-week high of $24.15. The stock has a market capitalization of $3.67 billion, a P/E ratio of 233.33 and a beta of 1.07.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded SUMCO from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, SUMCO has a consensus rating of “Buy”.

SUMCO Company Profile

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.