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

Sumitomo Electric Industries, Ltd. (OTCMKTS:SMTOY) was the recipient of a significant decline in short interest during 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 presently 0.1 days.

Sumitomo Electric Industries Price Performance

OTCMKTS SMTOY traded up $0.06 during trading on Thursday, reaching $15.43. 3,830 shares of the company’s stock were exchanged, compared to its average volume of 14,102. The business has a 50 day moving average price of $14.40 and a 200-day moving average price of $12.89. Sumitomo Electric Industries has a fifty-two week low of $10.24 and a fifty-two week high of $16.13.

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.