SUMCO (OTCMKTS:SUOPY) Short Interest Up 2,537.4% in January

SUMCO (OTCMKTS:SUOPY) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 3,455 shares, a growth of 2,537.4% from the January 15th total of 131 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 3,785 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 3,785 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded shares of SUMCO from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, SUMCO presently has an average rating of “Buy”.

SUMCO Trading Down 6.1%

Shares of SUOPY stock opened at $20.87 on Wednesday. SUMCO has a 1-year low of $10.29 and a 1-year high of $24.15. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 231.83 and a beta of 1.09. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.11 and a quick ratio of 1.29. The stock has a 50 day simple moving average of $19.01 and a 200-day simple moving average of $18.67.

SUMCO (OTCMKTS:SUOPY) last released its quarterly earnings results on Tuesday, February 10th. The company reported ($0.40) earnings per share (EPS) for the quarter. SUMCO had a net margin of 0.60% and a return on equity of 1.24%.

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.