Short Interest in Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Increases By 43.2%

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY - Get Free Report) was the recipient of a large increase in short interest during 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. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 7,600 shares, the days-to-cover ratio is presently 0.8 days.

Sumitomo Chemical Price Performance

Shares of Sumitomo Chemical stock traded down $0.05 during trading on Thursday, hitting $12.09. The stock had a trading volume of 902 shares, compared to its average volume of 8,725. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of -3.35 and a beta of 0.43. Sumitomo Chemical has a 12 month low of $9.55 and a 12 month high of $14.99. The business's 50-day moving average is $11.58 and its 200 day moving average is $12.13. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97.

Sumitomo Chemical (OTCMKTS:SOMMY - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.71 EPS 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.