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

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 3,500 shares, a decline of 74.8% from the February 29th total of 13,900 shares. Based on an average daily trading volume, of 32,000 shares, the days-to-cover ratio is currently 0.1 days.

Sumitomo Electric Industries Price Performance

Shares of OTCMKTS SMTOY traded up $0.06 during midday trading on Thursday, hitting $15.43. 3,830 shares of the company traded hands, compared to its average volume of 14,102. Sumitomo Electric Industries has a 12-month low of $10.24 and a 12-month high of $16.13. The stock has a 50-day moving average price of $14.40 and a 200 day moving average price of $12.89.

Sumitomo Electric Industries Company Profile

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.