Sumitomo Chemcl (OTCMKTS:SOMMY) Sees Significant Decline in Short Interest

Sumitomo Chemcl (OTCMKTS:SOMMY) was the recipient of a large decrease in short interest in January. As of January 30th, there was short interest totaling 242 shares, a decrease of 93.7% from the January 15th total of 3,825 shares. Based on an average daily trading volume, of 2,837 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,837 shares, the days-to-cover ratio is presently 0.1 days.

Sumitomo Chemcl Price Performance

Sumitomo Chemcl stock opened at $18.76 on Wednesday. The business has a 50-day moving average of $15.11 and a 200-day moving average of $14.98. Sumitomo Chemcl has a 1 year low of $9.95 and a 1 year high of $18.76. The firm has a market capitalization of $6.22 billion, a P/E ratio of 9.57 and a beta of 0.28. The company has a current ratio of 1.69, a quick ratio of 1.00 and a debt-to-equity ratio of 0.84.

Sumitomo Chemcl (OTCMKTS:SOMMY) last posted its 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 8.61% 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.