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

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

Sumitomo Chemical Price Performance

SOMMY traded up $0.10 during midday trading on Friday, reaching $11.26. 12,890 shares of the company’s stock were exchanged, compared to its average volume of 30,715. The business’s 50-day moving average price is $10.79 and its 200 day moving average price is $11.70. The stock has a market capitalization of $3.73 billion, a PE ratio of 1,127.13 and a beta of 0.63. Sumitomo Chemical has a 1-year low of $9.69 and a 1-year high of $17.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.20 and a quick ratio of 0.67.

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