SUMCO (OTCMKTS:SUOPY) Short Interest Down 93.6% in December

SUMCO (OTCMKTS:SUOPY) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 202 shares, a decline of 93.6% from the December 15th total of 3,163 shares. Based on an average trading volume of 1,262 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,262 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Sanford C. Bernstein raised shares of SUMCO from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Nomura Securities raised SUMCO to a “strong-buy” rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, SUMCO has a consensus rating of “Buy”.

SUMCO Price Performance

OTCMKTS:SUOPY opened at $19.85 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 3.11 and a debt-to-equity ratio of 0.50. SUMCO has a 52 week low of $10.29 and a 52 week high of $24.15. The stock’s 50-day moving average price is $17.43 and its 200-day moving average price is $17.99. The stock has a market capitalization of $3.48 billion, a PE ratio of 220.56 and a beta of 1.07.

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.