Short Interest in Sumitomo Chemcl (OTCMKTS:SOMMY) Increases By 379.4%

Sumitomo Chemcl (OTCMKTS:SOMMY) saw a large growth in short interest in the month of 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. Based on an average trading volume of 7,921 shares, the short-interest ratio is presently 1.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 7,921 shares, the short-interest ratio is presently 1.0 days.

Sumitomo Chemcl Stock Down 0.2%

OTCMKTS SOMMY traded down $0.03 on Tuesday, hitting $14.97. 399 shares of the company were exchanged, compared to its average volume of 4,946. The company has a current ratio of 1.57, a quick ratio of 0.92 and a debt-to-equity ratio of 0.76. The company has a market cap of $4.96 billion, a PE ratio of 7.64 and a beta of 0.24. The stock has a fifty day moving average of $16.46 and a 200-day moving average of $15.61. Sumitomo Chemcl has a 12 month low of $9.95 and a 12 month high of $20.60.

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

Sumitomo Chemcl Company Profile

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.