Sumitomo Corp. (OTCMKTS:SSUMY) Short Interest Update

Sumitomo Corp. (OTCMKTS:SSUMY) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 8,375 shares, a decline of 70.6% from the June 15th total of 28,477 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 156,143 shares, the days-to-cover ratio is currently 0.1 days.

Sumitomo Price Performance

Shares of SSUMY traded down $0.03 during trading hours on Monday, reaching $9.66. The stock had a trading volume of 149,465 shares, compared to its average volume of 388,459. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.38. Sumitomo has a 12 month low of $6.00 and a 12 month high of $12.21. The stock has a market capitalization of $46.18 billion, a PE ratio of 11.67, a PEG ratio of 1.50 and a beta of 0.58. The company’s 50-day moving average is $41.63 and its two-hundred day moving average is $39.49.

Sumitomo (OTCMKTS:SSUMY) last issued its quarterly earnings data on Friday, May 1st. The conglomerate reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. The business had revenue of $12.48 billion for the quarter, compared to analyst estimates of $14.01 billion. Sumitomo had a return on equity of 12.21% and a net margin of 8.19%. Research analysts expect that Sumitomo will post 0.85 EPS for the current year.

About Sumitomo

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.