Sumitomo Chemcl (OTCMKTS:SOMMY) Short Interest Down 31.9% in April

Sumitomo Chemcl (OTCMKTS:SOMMY) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 4,853 shares, a decline of 31.9% from the March 31st total of 7,130 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 7,361 shares, the short-interest ratio is currently 0.7 days.

Sumitomo Chemcl Price Performance

Shares of OTCMKTS:SOMMY opened at $15.93 on Tuesday. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 8.13 and a beta of 0.28. The business’s 50-day moving average is $16.48 and its 200-day moving average is $15.67. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 0.92. Sumitomo Chemcl has a 1 year low of $11.22 and a 1 year high of $20.60.

Sumitomo Chemcl (OTCMKTS:SOMMY) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.94 earnings per share (EPS) 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 for the quarter.

About Sumitomo Chemcl

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.