Sumco Co. (OTCMKTS:SUMCF – Get Free Report) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 3,901,454 shares, a drop of 59.5% from the May 31st total of 9,642,297 shares. Based on an average trading volume of 24,465 shares, the short-interest ratio is presently 159.5 days.
Sumco Stock Performance
Shares of OTCMKTS:SUMCF opened at $23.76 on Wednesday. The firm has a 50 day simple moving average of $21.50 and a 200 day simple moving average of $14.40. Sumco has a 52 week low of $7.09 and a 52 week high of $29.44.
About Sumco
Sumco Corporation is a Tokyo-based manufacturer specializing in high-purity silicon wafers, a critical substrate for semiconductor device fabrication. Established in 1999 through the merger of the silicon wafer operations of Sumitomo Metal Industries and Mitsubishi Materials, the company has grown to become one of the world’s leading suppliers of mono- and polycrystalline silicon wafers. These wafers serve as fundamental components for integrated circuits in applications ranging from consumer electronics and automotive systems to industrial machinery and telecommunications equipment.
The company’s product portfolio includes standard and advanced wafer technologies, such as silicon-on-insulator (SOI) wafers, epitaxial (epi) wafers, and specialty substrates designed for next-generation device architectures.
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