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

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOYGet Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 9,000 shares, a growth of 55.2% from the March 31st total of 5,800 shares. Based on an average trading volume of 14,200 shares, the short-interest ratio is currently 0.6 days.

Sumitomo Electric Industries Stock Down 0.1 %

OTCMKTS SMTOY traded down $0.02 on Friday, reaching $15.20. 19,424 shares of the company’s stock traded hands, compared to its average volume of 12,952. Sumitomo Electric Industries has a 12 month low of $10.24 and a 12 month high of $16.33. The stock has a 50-day simple moving average of $15.22 and a 200 day simple moving average of $13.42.

Sumitomo Electric Industries Company Profile

(Get Free Report)

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.

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