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

SUMCO (OTCMKTS:SUOPY) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 807 shares, a decrease of 95.4% from the May 14th total of 17,425 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 9,758 shares, the days-to-cover ratio is presently 0.1 days.

SUMCO Price Performance

OTCMKTS SUOPY opened at $38.96 on Thursday. The company has a market cap of $6.81 billion, a PE ratio of -44.78 and a beta of 1.52. SUMCO has a 52 week low of $13.70 and a 52 week high of $55.80. The company has a quick ratio of 1.33, a current ratio of 3.21 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $35.44 and its two-hundred day simple moving average is $25.16.

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.