Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) Short Interest Update

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 3,300 shares, a decrease of 15.4% from the December 31st total of 3,900 shares. Based on an average daily volume of 16,900 shares, the short-interest ratio is presently 0.2 days.

Sumitomo Electric Industries Price Performance

OTCMKTS:SMTOY opened at $18.45 on Monday. The business’s 50-day moving average is $18.31 and its two-hundred day moving average is $16.81. Sumitomo Electric Industries has a 12 month low of $12.80 and a 12 month high of $21.51.

Sumitomo Electric Industries (OTCMKTS:SMTOY) last released its quarterly earnings data on Friday, November 1st. The company reported $0.37 EPS for the quarter. The company had revenue of $7.61 billion during the quarter.

About Sumitomo Electric Industries

Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables worldwide. It operates through Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others segments. The company offers wiring harnesses and electrical components; steel cords for tire reinforcement; steel wires for springs; wiring materials; optical lenses for infrared devices; abrasion-resistant parts/materials; heat shrink and heat-resistant tubing/tapes; magnet and aluminum bars/wires; products for electronic devices; sintered parts; and EV quick-charger connector assemblies.