Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Sees Significant Drop in Short Interest

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 600 shares, a decline of 98.5% from the March 31st total of 38,900 shares. Based on an average daily trading volume, of 57,400 shares, the days-to-cover ratio is currently 0.0 days.

Sumitomo Chemical Stock Up 0.6 %

Shares of OTCMKTS:SOMMY traded up $0.07 during midday trading on Friday, hitting $11.33. 16,303 shares of the company’s stock traded hands, compared to its average volume of 58,535. The firm’s fifty day moving average price is $10.79 and its two-hundred day moving average price is $11.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.20. Sumitomo Chemical has a twelve month low of $9.69 and a twelve month high of $17.28. The company has a market cap of $3.75 billion, a PE ratio of 1,127.13 and a beta of 0.63.

Sumitomo Chemical (OTCMKTS:SOMMY) last issued its earnings results on Friday, February 2nd. The company reported ($0.69) earnings per share for the quarter. Sumitomo Chemical had a return on equity of 0.03% and a net margin of 0.02%. The company had revenue of $4.20 billion during the quarter.

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.