Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Sees Large Increase in Short Interest

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 22,700 shares, a growth of 260.3% from the March 15th total of 6,300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 7,200 shares, the days-to-cover ratio is presently 3.2 days.

Sumitomo Chemical Stock Performance

Sumitomo Chemical stock traded up $0.78 during mid-day trading on Friday, reaching $11.59. The company had a trading volume of 5,311 shares, compared to its average volume of 9,339. The company has a 50 day moving average of $11.55 and a 200-day moving average of $11.82. Sumitomo Chemical has a 52 week low of $9.55 and a 52 week high of $14.99. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of -3.21 and a beta of 0.31.

Sumitomo Chemical (OTCMKTS:SOMMY - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported $0.71 earnings per share for the quarter. Sumitomo Chemical had a negative return on equity of 15.28% and a negative net margin of 7.00%.

Sumitomo Chemical 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.