Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Short Interest Up 43.2% in March

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 6,300 shares, a growth of 43.2% from the February 28th total of 4,400 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 7,600 shares, the short-interest ratio is presently 0.8 days.

Sumitomo Chemical Stock Down 2.0 %

OTCMKTS SOMMY traded down $0.25 on Tuesday, reaching $12.07. The company had a trading volume of 6,398 shares, compared to its average volume of 8,038. The company’s fifty day moving average is $11.52 and its 200 day moving average is $12.14. 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 52-week low of $9.55 and a 52-week high of $14.99. The stock has a market capitalization of $4.00 billion, a P/E ratio of -3.34 and a beta of 0.43.

Sumitomo Chemical (OTCMKTS:SOMMY) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.71 earnings per share (EPS) for the quarter. Sumitomo Chemical had a negative net margin of 7.00% and a negative return on equity of 15.28%.

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.