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

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

Sumitomo Chemical Trading Up 0.6 %

Shares of OTCMKTS SOMMY traded up $0.07 during midday trading on Friday, reaching $11.33. 16,303 shares of the stock were exchanged, compared to its average volume of 58,535. Sumitomo Chemical has a twelve month low of $9.69 and a twelve month high of $17.28. The stock has a market capitalization of $3.75 billion, a P/E ratio of 1,127.13 and a beta of 0.63. The company has a 50 day simple moving average of $10.79 and a 200 day simple moving average of $11.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.20.

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 return on equity of 0.03% and a net margin of 0.02%. The business had revenue of $4.20 billion for 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.