Short Interest in Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Grows By 155.6%

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMYGet Rating) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 20,700 shares, a growth of 155.6% from the April 30th total of 8,100 shares. Based on an average daily volume of 89,400 shares, the days-to-cover ratio is currently 0.2 days.

Sumitomo Chemical stock opened at $20.71 on Friday. Sumitomo Chemical has a 1-year low of $20.00 and a 1-year high of $28.50. The company has a market cap of $6.86 billion, a PE ratio of 5.10 and a beta of 0.86. The stock’s 50 day moving average price is $21.78 and its 200 day moving average price is $23.32.

About Sumitomo Chemical (Get Rating)

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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