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

Key Points

• Short interest in Sumitomo Chemical (OTCMKTS:SOMMY) dropped 85.7% in July, with total short interest falling from 1,400 shares to just 200 shares as of July 31st.
• The company's earnings report for the latest quarter revealed a loss of ($0.10) earnings per share, despite reporting revenue of $3.64 billion.
• As of now, Sumitomo Chemical's stock is trading at $13.50 and has a market capitalization of **$4.48 billion** with a P/E ratio of 79.41.

SUMITOMO CHEMCL (OTCMKTS:SOMMY - Get Free Report) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 200 shares, adecreaseof85.7% from the July 15th total of 1,400 shares. Approximately0.0% of the company's stock are sold short. Based on an average daily trading volume, of 2,700 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 2,700 shares, the short-interest ratio is currently 0.1 days. Approximately0.0% of the company's stock are sold short.

SUMITOMO CHEMCL Stock Down 1.4%

SOMMY stock traded down $0.19 during midday trading on Tuesday, hitting $13.37. The company's stock had a trading volume of 598 shares, compared to its average volume of 1,580. The firm's 50-day moving average is $12.43 and its 200-day moving average is $11.90. The company has a current ratio of 1.56, a quick ratio of 0.89 and a debt-to-equity ratio of 0.97. SUMITOMO CHEMCL has a 12 month low of $9.95 and a 12 month high of $14.90. The company has a market cap of $4.43 billion, a PE ratio of 78.65 and a beta of 0.29.

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 business 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.