Short Interest in Sumitomo Chemcl (OTCMKTS:SOMMY) Drops By 31.9%

Sumitomo Chemcl (OTCMKTS:SOMMY) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 4,853 shares, a decline of 31.9% from the March 31st total of 7,130 shares. Based on an average daily volume of 7,361 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the shares of the company are short sold.

Sumitomo Chemcl Stock Performance

OTCMKTS:SOMMY traded down $0.34 during midday trading on Thursday, reaching $16.08. 338 shares of the company traded hands, compared to its average volume of 2,673. Sumitomo Chemcl has a twelve month low of $11.25 and a twelve month high of $20.60. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 8.20 and a beta of 0.28. 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 company has a fifty day moving average price of $16.39 and a 200 day moving average price of $15.68.

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

About Sumitomo Chemcl

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.