Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 2,500 shares, a drop of 95.2% from the April 30th total of 52,300 shares. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the shares of the company are sold short.
Sumitomo Chemical Stock Performance
Shares of OTCMKTS SOMMY traded up $0.24 during trading on Friday, reaching $11.86. 5,783 shares of the company traded hands, compared to its average volume of 8,015. The firm has a 50 day simple moving average of $11.58 and a 200-day simple moving average of $11.47. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $3.93 billion, a PE ratio of -3.29 and a beta of 0.29. Sumitomo Chemical has a 52-week low of $9.55 and a 52-week high of $14.99.
Sumitomo Chemical (OTCMKTS:SOMMY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.20 earnings per share for the quarter. Sumitomo Chemical had a negative net margin of 7.00% and a negative return on equity of 15.28%. The firm had revenue of $4.60 billion for the quarter.
About Sumitomo Chemical
(
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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.
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