Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY - Get Free Report) saw a large decline in short interest in May. As of May 31st, there was short interest totalling 700 shares, a decline of 72.0% from the May 15th total of 2,500 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 3,300 shares, the short-interest ratio is presently 0.2 days.
Sumitomo Chemical Stock Down 5.3%
Sumitomo Chemical stock traded down $0.63 during mid-day trading on Monday, reaching $11.32. The stock had a trading volume of 718 shares, compared to its average volume of 7,444. Sumitomo Chemical has a one year low of $9.55 and a one year high of $14.99. The company has a 50-day moving average price of $11.64 and a two-hundred day moving average price of $11.43. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 0.75. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of -3.14 and a beta of 0.27.
Sumitomo Chemical (OTCMKTS:SOMMY - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.20 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%. The business had revenue of $4.60 billion during the quarter.
About Sumitomo Chemical
(
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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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