Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Short Interest Down 78.0% in September

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totalling 1,100 shares, a decrease of 78.0% from the August 31st total of 5,000 shares. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is presently 0.1 days.

Sumitomo Chemical Stock Up 1.5 %

SOMMY stock traded up $0.21 during mid-day trading on Wednesday, hitting $14.32. 1,669 shares of the company were exchanged, compared to its average volume of 35,938. 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 cap of $4.75 billion, a P/E ratio of -2.20 and a beta of 0.55. The firm’s 50 day simple moving average is $13.62 and its 200 day simple moving average is $11.77. Sumitomo Chemical has a 1-year low of $9.55 and a 1-year high of $14.99.

Sumitomo Chemical (OTCMKTS:SOMMY) last announced its earnings results on Friday, August 2nd. The company reported $0.48 EPS for the quarter. The firm had revenue of $3.93 billion for the quarter. Sumitomo Chemical had a negative net margin of 10.32% and a negative return on equity of 18.97%.

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.