SUMITOMO CHEMCL (OTCMKTS:SOMMY) Sees Significant Increase in Short Interest

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) saw a significant growth in short interest in 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. Based on an average daily trading volume, of 4,400 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company's shares are short sold. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 4,400 shares, the days-to-cover ratio is currently 0.2 days.

SUMITOMO CHEMCL Trading Up 1.1%

Shares of OTCMKTS SOMMY traded up $0.18 during midday trading on Wednesday, hitting $16.55. 276 shares of the company traded hands, compared to its average volume of 5,785. SUMITOMO CHEMCL has a 12-month low of $9.95 and a 12-month high of $16.85. 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 50-day moving average price of $13.86 and a 200 day moving average price of $12.49. The firm has a market cap of $5.49 billion, a P/E ratio of 97.35 and a beta of 0.25.

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

SUMITOMO CHEMCL 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.