Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Short Interest Up 1,400.0% in January

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 1,500 shares, a growth of 1,400.0% from the December 31st total of 100 shares. Based on an average daily trading volume, of 31,200 shares, the short-interest ratio is presently 0.0 days.

Sumitomo Chemical Trading Up 0.9 %

OTCMKTS:SOMMY traded up $0.10 during midday trading on Tuesday, hitting $10.67. 13,644 shares of the company traded hands, compared to its average volume of 15,138. The firm’s fifty day moving average is $11.24 and its 200-day moving average is $12.72. The firm has a market capitalization of $3.53 billion, a P/E ratio of -2.13 and a beta of 0.53. The company has a current ratio of 1.21, a quick ratio of 0.69 and a debt-to-equity ratio of 0.78. Sumitomo Chemical has a 12-month low of $9.55 and a 12-month high of $14.99.

Sumitomo Chemical (OTCMKTS:SOMMY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.64) EPS for the quarter. The business had revenue of $4.23 billion during the quarter. Sumitomo Chemical had a negative net margin of 9.83% and a negative return on equity of 19.08%.

About Sumitomo Chemical

Sumitomo Chemical Company, Limited engages in Chemicals & Plastics, energy and functional materials, IT-related chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide. Its Essential Chemicals & Plastics segment offers synthetic resins, such as polyethylene, polypropylene, and polymethyl methacrylate resins; raw materials for synthetic fibers; and various industrial chemicals.