Short Interest in Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Rises By 1,400.0%

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,500 shares, an increase of 1,400.0% from the December 15th total of 100 shares. Based on an average daily trading volume, of 31,200 shares, the short-interest ratio is currently 0.0 days.

Sumitomo Chemical Trading Up 0.3 %

Shares of OTCMKTS:SOMMY traded up $0.03 during mid-day trading on Monday, reaching $10.56. 17,233 shares of the company were exchanged, compared to its average volume of 20,633. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.21 and a quick ratio of 0.69. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of -2.11 and a beta of 0.53. The firm’s 50-day simple moving average is $11.72 and its 200 day simple moving average is $12.76. Sumitomo Chemical has a 1 year low of $9.55 and a 1 year high of $14.99.

Sumitomo Chemical (OTCMKTS:SOMMY) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.64) earnings per share for the quarter. The company had revenue of $4.23 billion for the quarter. Sumitomo Chemical had a negative return on equity of 19.08% and a negative net margin of 9.83%.

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.