Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY - Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,500 shares, an increase of 1,400.0% from the December 31st total of 100 shares. Based on an average daily trading volume, of 31,200 shares, the days-to-cover ratio is currently 0.0 days.
Sumitomo Chemical Trading Up 1.4 %
Shares of OTCMKTS SOMMY traded up $0.15 during midday trading on Friday, hitting $10.80. The company's stock had a trading volume of 20,945 shares, compared to its average volume of 13,191. The business's 50 day moving average is $11.13 and its two-hundred day moving average is $12.68. Sumitomo Chemical has a 12-month low of $9.55 and a 12-month high of $14.99. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97. The firm has a market cap of $3.58 billion, a P/E ratio of -2.15 and a beta of 0.53.
Sumitomo Chemical (OTCMKTS:SOMMY - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported ($0.64) earnings per share for the quarter. The business had revenue of $4.23 billion for the quarter. Sumitomo Chemical had a negative return on equity of 19.83% and a negative net margin of 9.83%.
Sumitomo Chemical Company Profile
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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.
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