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

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 700 shares, a growth of 250.0% from the September 30th total of 200 shares. Based on an average daily volume of 14,800 shares, the short-interest ratio is presently 0.0 days.

Sumitomo Chemical Price Performance

SOMMY stock remained flat at $13.21 during trading on Friday. 2,612 shares of the company were exchanged, compared to its average volume of 32,948. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.69 and a current ratio of 1.21. 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 price is $14.02 and its 200 day moving average price is $12.24. The stock has a market cap of $4.38 billion, a P/E ratio of -2.03 and a beta of 0.54.

Sumitomo Chemical (OTCMKTS:SOMMY) last announced its earnings results on Friday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter. Sumitomo Chemical had a negative return on equity of 18.97% and a negative net margin of 10.32%. The firm had revenue of $3.93 billion during the quarter.

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.