Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Sees Significant Increase in Short Interest

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 6,300 shares, an increase of 43.2% from the February 28th total of 4,400 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 7,600 shares, the days-to-cover ratio is currently 0.8 days.

Sumitomo Chemical Trading Down 1.5 %

Shares of SOMMY opened at $12.32 on Friday. The stock has a market capitalization of $4.08 billion, a P/E ratio of -3.41 and a beta of 0.43. Sumitomo Chemical has a twelve month low of $9.55 and a twelve month high of $14.99. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. The firm has a fifty day simple moving average of $11.49 and a two-hundred day simple moving average of $12.17.

Sumitomo Chemical (OTCMKTS:SOMMY) last posted its earnings results on Monday, February 3rd. The company reported $0.71 earnings per share for the quarter. Sumitomo Chemical had a negative net margin of 7.00% and a negative return on equity of 15.28%.

Sumitomo Chemical Company Profile

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.