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

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) saw a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 700 shares, a decrease of 72.0% from the May 15th total of 2,500 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 3,300 shares, the short-interest ratio is currently 0.2 days.

Sumitomo Chemical Price Performance

Sumitomo Chemical stock opened at $11.99 on Friday. Sumitomo Chemical has a 52 week low of $9.55 and a 52 week high of $14.99. The company’s 50 day moving average price is $11.58 and its two-hundred day moving average price is $11.45. The stock has a market cap of $3.97 billion, a P/E ratio of -3.32 and a beta of 0.27. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 0.97.

Sumitomo Chemical (OTCMKTS:SOMMY) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.20 EPS for the quarter. Sumitomo Chemical had a negative return on equity of 15.28% and a negative net margin of 7.00%. The business had revenue of $4.60 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.