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

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 4,400 shares, a growth of 2,100.0% from the February 13th total of 200 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 7,200 shares, the short-interest ratio is presently 0.6 days.

Sumitomo Chemical Stock Down 1.4 %

SOMMY traded down $0.17 during midday trading on Wednesday, hitting $12.17. The company had a trading volume of 2,945 shares, compared to its average volume of 9,375. The stock’s 50 day moving average price is $11.10 and its 200 day moving average price is $12.32. Sumitomo Chemical has a 52 week low of $9.55 and a 52 week high of $14.99. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of -3.37 and a beta of 0.43. 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 (OTCMKTS:SOMMY) last posted its quarterly 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.