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

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 200 shares, a growth of 100.0% from the January 31st total of 100 shares. Based on an average daily volume of 10,800 shares, the days-to-cover ratio is presently 0.0 days.

Sumitomo Chemical Trading Down 0.3 %

Shares of SOMMY traded down $0.03 during trading hours on Friday, hitting $11.69. 6,274 shares of the stock were exchanged, compared to its average volume of 10,212. Sumitomo Chemical has a fifty-two week low of $9.55 and a fifty-two week high of $14.99. The business has a 50-day moving average of $10.94 and a 200-day moving average of $12.45. The firm has a market capitalization of $3.87 billion, a P/E ratio of -3.24 and a beta of 0.53. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 0.75.

Sumitomo Chemical (OTCMKTS:SOMMY) last announced 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 return on equity of 15.28% and a negative net margin of 7.00%.

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.