SUMCO (OTCMKTS:SUOPY) Sees Significant Growth in Short Interest

SUMCO (OTCMKTS:SUOPY) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 3,455 shares, an increase of 2,537.4% from the January 15th total of 131 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 3,785 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 3,785 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded shares of SUMCO from a “strong sell” rating to a “hold” rating in a research note 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

SUMCO Trading Up 1.6%

SUOPY opened at $21.20 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 3.11. SUMCO has a one year low of $10.29 and a one year high of $24.15. The company has a market cap of $3.71 billion, a P/E ratio of -47.11 and a beta of 1.09. The business’s 50-day simple moving average is $19.11 and its 200-day simple moving average is $18.68.

SUMCO (OTCMKTS:SUOPY) last announced its quarterly earnings results on Tuesday, February 10th. The company reported ($0.40) earnings per share (EPS) for the quarter. The business had revenue of $683.19 million during the quarter. SUMCO had a negative net margin of 2.82% and a negative return on equity of 1.75%.

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.