Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Short Interest Update

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMYGet Rating) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 48,500 shares, a decline of 16.8% from the June 30th total of 58,300 shares. Based on an average daily trading volume, of 64,700 shares, the short-interest ratio is currently 0.7 days.

Sumitomo Chemical Stock Performance

Sumitomo Chemical stock opened at $20.42 on Thursday. The company’s 50-day moving average price is $19.78 and its 200-day moving average price is $21.86. Sumitomo Chemical has a twelve month low of $17.63 and a twelve month high of $27.99. The company has a quick ratio of 0.99, a current ratio of 1.54 and a debt-to-equity ratio of 0.64. The company has a market cap of $6.76 billion, a PE ratio of 5.03 and a beta of 0.81.

Sumitomo Chemical (OTCMKTS:SOMMYGet Rating) last posted its earnings results on Friday, May 13th. The company reported $0.49 earnings per share for the quarter. Sumitomo Chemical had a net margin of 7.48% and a return on equity of 9.53%. The firm had revenue of $4.00 million for the quarter.

Sumitomo Chemical Company Profile

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Sumitomo Chemical Company, Limited engages in the petrochemicals and plastics, energy and functional materials, IT-related chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide. Its Petrochemicals & 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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