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

SUMCO (OTCMKTS:SUOPY) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 4,252 shares, a growth of 426.9% from the May 31st total of 807 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 26,216 shares, the short-interest ratio is currently 0.2 days.

SUMCO Stock Up 2.8%

Shares of OTCMKTS SUOPY opened at $47.79 on Friday. The company has a quick ratio of 1.51, a current ratio of 3.36 and a debt-to-equity ratio of 0.52. The company has a market cap of $8.36 billion, a P/E ratio of -54.93 and a beta of 1.52. SUMCO has a 52 week low of $14.55 and a 52 week high of $55.80. The business has a 50-day simple moving average of $41.63 and a two-hundred day simple moving average of $27.94.

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.