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

SUMCO (OTCMKTS:SUOPY) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 131 shares, a drop of 35.1% from the December 31st total of 202 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 4,813 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 4,813 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised shares of SUMCO from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

SUMCO Stock Up 6.2%

Shares of SUMCO stock opened at $21.00 on Friday. The company has a market cap of $3.67 billion, a P/E ratio of 233.33 and a beta of 1.07. The firm has a fifty day moving average of $18.23 and a two-hundred day moving average of $18.42. 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.

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.