Sumitomo Chemcl (OTCMKTS:SOMMY) Short Interest Update

Key Points

• Short interest surged 131% in February to 1,661 shares as of Feb. 27, with a days-to-cover ratio of about 0.8 days based on average daily volume of 2,120 shares.
• Sumitomo Chemical trades with a market cap of $5.21 billion and a P/E of 8.01, and recently reported $0.94 EPS on $3.97 billion in quarterly revenue while trading in a 12‑month range of $9.95–$20.60.

Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,661 shares, an increase of 131.0% from the February 12th total of 719 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,120 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 2,120 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.0% of the shares of the stock are short sold.

Sumitomo Chemcl Stock Performance

Shares of SOMMY opened at $15.70 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 0.92. The firm's 50 day moving average is $16.34 and its 200-day moving average is $15.60. Sumitomo Chemcl has a 12-month low of $9.95 and a 12-month high of $20.60. The stock has a market capitalization of $5.21 billion, a P/E ratio of 8.01 and a beta of 0.24.

Sumitomo Chemcl (OTCMKTS:SOMMY - Get Free Report) last released its earnings results on Tuesday, February 3rd. The company reported $0.94 EPS for the quarter. The business had revenue of $3.97 billion during the quarter. Sumitomo Chemcl had a net margin of 4.01% and a return on equity of 8.40%.

Sumitomo Chemcl Company Profile

Sumitomo Chemical Co, Ltd. is a diversified chemical company headquartered in Tokyo, Japan. Established in 1913 as part of the historic Sumitomo Group, the company has grown into a global industry leader, operating across multiple chemical and material science industries. It is listed in Japan's premier equity markets and is available to U.S. investors via its American depositary receipts trading under the ticker SOMMY on the OTCMKTS exchange.

The company's operations are organized into several core business segments, including petrochemicals, energy and functional materials, IT‐related chemicals, living materials, and health & crop sciences.

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