Sumitomo Corp. (OTCMKTS:SSUMY) Short Interest Update

Sumitomo Corp. (OTCMKTS:SSUMY) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 78,859 shares, a growth of 38.8% from the November 30th total of 56,798 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 192,193 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 192,193 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Zacks Research upgraded Sumitomo from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Sumitomo presently has an average rating of “Strong Buy”.

Sumitomo Stock Performance

Shares of SSUMY opened at $35.21 on Tuesday. The business has a 50-day simple moving average of $31.81 and a two-hundred day simple moving average of $28.97. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.50. Sumitomo has a 52 week low of $19.18 and a 52 week high of $35.89. The stock has a market cap of $42.66 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 1.40 and a beta of 0.49.

Sumitomo (OTCMKTS:SSUMY) last announced 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 company had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.60 billion. On average, analysts expect that Sumitomo will post 2.82 EPS 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.