Sumitomo Chemcl (OTCMKTS:SOMMY) Short Interest Up 133.3% in July

Key Points

• Short interest for Sumitomo Chemcl increased by 133.3% in July, rising to 1,400 shares from 600 shares in June, indicating growing bearish sentiment among investors.
• As of now, shares of Sumitomo Chemcl are trading at $12.75, reflecting a 1.4% increase recently, with a market cap of $4.23 billion.
• The company reported a quarterly loss of ($0.10) EPS on revenue of $3.64 billion, signalizing challenges despite a small return on equity of 0.80%.

Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,400 shares, anincreaseof133.3% from the June 30th total of 600 shares. Based on an average trading volume of 8,000 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 8,000 shares, the days-to-cover ratio is currently 0.2 days.

Sumitomo Chemcl Trading Up 1.4%

Shares of OTCMKTS:SOMMY opened at $12.75 on Tuesday. The stock has a 50 day moving average of $12.11 and a 200 day moving average of $11.71. The company has a market cap of $4.23 billion, a PE ratio of 75.00 and a beta of 0.29. The company has a current ratio of 1.52, a quick ratio of 0.92 and a debt-to-equity ratio of 0.96. Sumitomo Chemcl has a 12-month low of $9.95 and a 12-month high of $14.99.

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

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.

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