Sumitomo Chemcl (OTCMKTS:SOMMY) Sees Large Increase in Short Interest

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) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 1,400 shares, agrowthof133.3% from the June 30th total of 600 shares. Based on an average daily volume of 8,000 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 8,000 shares, the short-interest ratio is currently 0.2 days.

Sumitomo Chemcl Price Performance

Shares of SOMMY stock traded up $0.43 during trading hours on Friday, hitting $13.49. The stock had a trading volume of 1,110 shares, compared to its average volume of 6,336. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.52 and a quick ratio of 0.92. The stock's 50-day moving average price is $12.19 and its two-hundred day moving average price is $11.75. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 79.35 and a beta of 0.29. Sumitomo Chemcl has a one year low of $9.95 and a one year high of $14.99.

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

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.