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 growth in short interest in December. As of December 31st, there was short interest totalling 1,500 shares, a growth of 1,400.0% from the December 15th total of 100 shares. Based on an average daily volume of 31,200 shares, the days-to-cover ratio is currently 0.0 days.

Sumitomo Chemical Stock Up 0.3 %

Shares of SOMMY traded up $0.03 during midday trading on Monday, reaching $10.56. The stock had a trading volume of 17,233 shares, compared to its average volume of 20,633. The company’s fifty day simple moving average is $11.72 and its two-hundred 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. 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 company has a market cap of $3.50 billion, a price-to-earnings ratio of -2.11 and a beta of 0.53.

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

About Sumitomo Chemical

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.