Short Interest in Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Rises By 260.3%

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY - Get Free Report) saw a significant growth in short interest in 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 shares are short sold. Based on an average trading volume of 7,200 shares, the short-interest ratio is presently 3.2 days.

Sumitomo Chemical Trading Up 7.2 %

Shares of SOMMY stock traded up $0.78 during mid-day trading on Friday, reaching $11.59. The company's stock had a trading volume of 5,311 shares, compared to its average volume of 9,339. The company's 50 day simple moving average is $11.55 and its 200-day simple moving average is $11.83. 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 12-month low of $9.55 and a 12-month high of $14.99. The firm has a market capitalization of $3.84 billion, a PE ratio of -3.21 and a beta of 0.31.

Sumitomo Chemical (OTCMKTS:SOMMY - Get Free Report) 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%.

About Sumitomo Chemical

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.