Sumitomo Chemcl (OTCMKTS:SOMMY) Short Interest Update

Sumitomo Chemcl (OTCMKTS:SOMMY) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 1,146 shares, a decrease of 43.8% from the August 31st total of 2,040 shares. Based on an average daily trading volume, of 1,025 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.0% of the company’s stock are sold short.

Sumitomo Chemcl Price Performance

Shares of OTCMKTS SOMMY remained flat at $18.26 during trading on Wednesday. The stock had a trading volume of 1,535 shares, compared to its average volume of 1,119. Sumitomo Chemcl has a 1 year low of $13.83 and a 1 year high of $20.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.50 and a quick ratio of 0.92. The firm has a 50-day moving average of $17.40 and a 200-day moving average of $17.00. The stock has a market cap of $6.07 billion, a PE ratio of 8.65 and a beta of 0.37.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Sumitomo Chemcl to a “hold” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Sumitomo Chemcl Company Profile

Sumitomo Chemical Co, Ltd. is a Japan-based diversified chemical company that develops and manufactures products for a broad range of industries. Its businesses include petrochemicals and plastics, synthetic resins, industrial chemicals, coatings, and functional materials used in manufacturing and consumer applications.

The company also supplies materials for information and communications technology, including semiconductor-related and display materials, as well as agricultural chemicals, crop protection products, and household insect-control products.