SUMITOMO CHEMCL (OTCMKTS:SOMMY) Short Interest Up 350.0% in August

Key Points

• Short interest in Sumitomo Chemical (OTCMKTS:SOMMY) surged by 350.0% in August, increasing to 900 shares from 200 shares.
• The company's stock recently traded at $16.85, with a market capitalization of $5.59 billion and a PE ratio of 99.12.
• In its last earnings report, Sumitomo Chemical reported a loss of ($0.10) per share with revenues of $3.64 billion for the quarter.

SUMITOMO CHEMCL (OTCMKTS:SOMMY - Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 900 shares, a growth of 350.0% from the August 15th total of 200 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 4,400 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 4,400 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company's stock are sold short.

SUMITOMO CHEMCL Stock Down 2.8%

SOMMY traded down $0.48 during mid-day trading on Friday, reaching $16.37. 651 shares of the stock were exchanged, compared to its average volume of 1,625. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.89 and a current ratio of 1.56. The stock has a market capitalization of $5.43 billion, a PE ratio of 96.29 and a beta of 0.25. The company has a 50 day moving average price of $13.68 and a two-hundred day moving average price of $12.43. SUMITOMO CHEMCL has a 1 year low of $9.95 and a 1 year high of $16.85.

SUMITOMO CHEMCL (OTCMKTS:SOMMY - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $3.64 billion for the quarter. SUMITOMO CHEMCL had a return on equity of 0.80% and a net margin of 0.35%.

About SUMITOMO CHEMCL

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.