Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Short Interest Update

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 22,700 shares, a growth of 260.3% from the March 15th total of 6,300 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 7,200 shares, the short-interest ratio is presently 3.2 days.

Sumitomo Chemical Stock Down 1.0 %

Sumitomo Chemical stock traded down $0.11 during trading on Wednesday, reaching $10.81. The stock had a trading volume of 17,772 shares, compared to its average volume of 9,414. The stock has a market cap of $3.58 billion, a PE ratio of -2.99 and a beta of 0.31. The business has a 50 day moving average price of $11.53 and a 200 day moving average price of $11.88. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. Sumitomo Chemical has a 52-week low of $9.55 and a 52-week high of $14.99.

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

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.