Short Interest in Sumitomo Chemcl (OTCMKTS:SOMMY) Grows By 197.1%

Sumitomo Chemcl (OTCMKTS:SOMMY) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 719 shares, an increase of 197.1% from the January 29th total of 242 shares. Based on an average daily trading volume, of 5,563 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 5,563 shares, the short-interest ratio is currently 0.1 days.

Sumitomo Chemcl Price Performance

OTCMKTS:SOMMY opened at $18.41 on Friday. Sumitomo Chemcl has a 52-week low of $9.95 and a 52-week high of $20.60. The company has a market cap of $6.10 billion, a P/E ratio of 9.39 and a beta of 0.28. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.92 and a current ratio of 1.57. The stock’s 50-day simple moving average is $16.12 and its 200 day simple moving average is $15.46.

Sumitomo Chemcl (OTCMKTS:SOMMY) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.94 earnings per share for the quarter. Sumitomo Chemcl had a return on equity of 8.40% and a net margin of 4.01%.The firm had revenue of $3.97 billion during the quarter.

Sumitomo Chemcl Company Profile

Sumitomo Chemical Co, Ltd. is a diversified chemical company headquartered in Tokyo, Japan. Established in 1913 as part of the historic Sumitomo Group, the company has grown into a global industry leader, operating across multiple chemical and material science industries. It is listed in Japan’s premier equity markets and is available to U.S. investors via its American depositary receipts trading under the ticker SOMMY on the OTCMKTS exchange.

The company’s operations are organized into several core business segments, including petrochemicals, energy and functional materials, IT‐related chemicals, living materials, and health & crop sciences.