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

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMYGet Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 1,500 shares, a growth of 1,400.0% from the December 31st total of 100 shares. Based on an average daily trading volume, of 31,200 shares, the days-to-cover ratio is presently 0.0 days.

Sumitomo Chemical Stock Performance

Sumitomo Chemical stock traded down $0.17 during midday trading on Wednesday, hitting $10.50. 5,847 shares of the company were exchanged, compared to its average volume of 14,619. The business has a fifty day simple moving average of $11.21 and a two-hundred day simple moving average of $12.71. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.69 and a current ratio of 1.21. The firm has a market capitalization of $3.48 billion, a PE ratio of -2.10 and a beta of 0.53. Sumitomo Chemical has a fifty-two week low of $9.55 and a fifty-two week high of $14.99.

Sumitomo Chemical (OTCMKTS:SOMMYGet Free Report) last posted its earnings results on Wednesday, October 30th. The company reported ($0.64) earnings per share for the quarter. Sumitomo Chemical had a negative net margin of 9.83% and a negative return on equity of 19.08%. The firm had revenue of $4.23 billion for the quarter.

About Sumitomo Chemical

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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.

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