Sumitomo Chemcl (OTCMKTS:SOMMY) Sees Large Increase in Short Interest

Sumitomo Chemcl (OTCMKTS:SOMMY) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 719 shares, an increase of 197.1% from the January 29th total of 242 shares. Based on an average trading volume of 5,563 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 5,563 shares, the short-interest ratio is currently 0.1 days.

Sumitomo Chemcl Stock Performance

Shares of SOMMY opened at $17.98 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.92 and a current ratio of 1.57. The stock has a 50-day moving average of $15.95 and a two-hundred day moving average of $15.41. The stock has a market cap of $5.96 billion, a P/E ratio of 9.17 and a beta of 0.28. Sumitomo Chemcl has a one year low of $9.95 and a one year high of $20.60.

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

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.