Sumitomo Chemcl (OTCMKTS:SOMMY) Short Interest Update

Sumitomo Chemcl (OTCMKTS:SOMMY) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 7,963 shares, a growth of 379.4% from the February 26th total of 1,661 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,921 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 7,921 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the shares of the stock are sold short.

Sumitomo Chemcl Price Performance

Sumitomo Chemcl stock traded down $0.03 during midday trading on Tuesday, reaching $14.97. The company’s stock had a trading volume of 399 shares, compared to its average volume of 4,946. The stock has a market cap of $4.96 billion, a PE ratio of 7.64 and a beta of 0.24. The company has a current ratio of 1.57, a quick ratio of 0.92 and a debt-to-equity ratio of 0.76. Sumitomo Chemcl has a 52 week low of $9.95 and a 52 week high of $20.60. The business has a 50-day moving average price of $16.46 and a 200-day moving average price of $15.61.

Sumitomo Chemcl (OTCMKTS:SOMMY) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.94 EPS for the quarter. The company had revenue of $3.97 billion during the quarter. Sumitomo Chemcl had a return on equity of 8.40% and a net margin of 4.01%.

About Sumitomo Chemcl

Sumitomo Chemical Co, Ltd. is a diversified chemical company headquartered in Tokyo, Japan. Established in 1913 as part of the historic Sumitomo Group, the company has grown into a global industry leader, operating across multiple chemical and material science industries. It is listed in Japan’s premier equity markets and is available to U.S. investors via its American depositary receipts trading under the ticker SOMMY on the OTCMKTS exchange.

The company’s operations are organized into several core business segments, including petrochemicals, energy and functional materials, IT‐related chemicals, living materials, and health & crop sciences.