Sumitomo Chemcl (OTCMKTS:SOMMY) Short Interest Update

Sumitomo Chemcl (OTCMKTS:SOMMY) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 3,931 shares, a drop of 20.3% from the November 30th total of 4,932 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,985 shares, the short-interest ratio is presently 2.0 days. Based on an average daily volume of 1,985 shares, the short-interest ratio is presently 2.0 days. Approximately 0.0% of the shares of the stock are short sold.

Sumitomo Chemcl Price Performance

Shares of Sumitomo Chemcl stock opened at $14.17 on Wednesday. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 8.19 and a beta of 0.26. The firm’s 50-day moving average price is $14.82 and its two-hundred day moving average price is $14.29. The company has a current ratio of 1.69, a quick ratio of 1.00 and a debt-to-equity ratio of 0.84. Sumitomo Chemcl has a 1-year low of $9.95 and a 1-year high of $16.85.

Sumitomo Chemcl (OTCMKTS:SOMMY) last announced its earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter. The business had revenue of $3.86 billion for the quarter. Sumitomo Chemcl had a return on equity of 7.54% and a net margin of 3.43%.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Sumitomo Chemcl to a “hold” rating in a report on Tuesday, September 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

About Sumitomo Chemcl

Sumitomo Chemical Co, Ltd. is a diversified chemical company headquartered in Tokyo, Japan. Established in 1913 as part of the historic Sumitomo Group, the company has grown into a global industry leader, operating across multiple chemical and material science industries. It is listed in Japan’s premier equity markets and is available to U.S. investors via its American depositary receipts trading under the ticker SOMMY on the OTCMKTS exchange.

The company’s operations are organized into several core business segments, including petrochemicals, energy and functional materials, IT?related chemicals, living materials, and health & crop sciences.