Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Short Interest Down 98.5% in April

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 600 shares, a drop of 98.5% from the March 31st total of 38,900 shares. Based on an average daily trading volume, of 57,400 shares, the short-interest ratio is presently 0.0 days.

Sumitomo Chemical Price Performance

Sumitomo Chemical stock traded up $0.10 during midday trading on Friday, hitting $11.26. 12,890 shares of the company’s stock were exchanged, compared to its average volume of 30,715. The stock has a 50-day moving average price of $10.79 and a two-hundred day moving average price of $11.70. Sumitomo Chemical has a 52-week low of $9.69 and a 52-week high of $17.29. The company has a market cap of $3.73 billion, a P/E ratio of 1,127.13 and a beta of 0.63. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.20.

Sumitomo Chemical (OTCMKTS:SOMMY) last announced its earnings results on Friday, February 2nd. The company reported ($0.69) earnings per share (EPS) for the quarter. The company had revenue of $4.20 billion for the quarter. Sumitomo Chemical had a net margin of 0.02% and a return on equity of 0.03%.

About Sumitomo Chemical

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.