Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Short Interest Up 38,800.0% in March

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 38,900 shares, an increase of 38,800.0% from the March 15th total of 100 shares. Based on an average daily trading volume, of 103,700 shares, the short-interest ratio is presently 0.4 days.

Sumitomo Chemical Stock Performance

Shares of OTCMKTS:SOMMY traded down $0.18 during trading on Wednesday, reaching $11.29. 17,208 shares of the company's stock traded hands, compared to its average volume of 63,137. Sumitomo Chemical has a 12 month low of $9.69 and a 12 month high of $17.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.20 and a quick ratio of 0.67. The stock has a market capitalization of $3.74 billion, a P/E ratio of 1,130.13 and a beta of 0.63. The company has a 50 day moving average of $10.57 and a 200-day moving average of $11.87.

Sumitomo Chemical (OTCMKTS:SOMMY - Get Free Report) last posted its earnings results on Friday, February 2nd. The company reported ($0.69) EPS for the quarter. Sumitomo Chemical had a return on equity of 0.03% and a net margin of 0.02%. The firm had revenue of $4.20 billion during the quarter.

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.