Short Interest in Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Decreases By 45.5%

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY – Get Rating) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 9,000 shares, a decrease of 45.5% from the April 30th total of 16,500 shares. Based on an average trading volume of 41,500 shares, the days-to-cover ratio is currently 0.2 days.

Sumitomo Chemical Trading Up 0.1 %

Shares of SOMMY opened at $15.43 on Friday. Sumitomo Chemical has a twelve month low of $15.16 and a twelve month high of $21.90. The company has a market cap of $5.11 billion, a P/E ratio of 4.06 and a beta of 0.77. The company has a current ratio of 1.59, a quick ratio of 1.01 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $16.62 and its 200-day simple moving average is $17.33.

Sumitomo Chemical Company Profile

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Sumitomo Chemical Co, Ltd. engages in the manufacture and sale of chemicals. It operates through the following segments: Petrochemicals, Energy and Functional Materials Sector, IT-related Chemicals Sector, Health and Crop Sciences Sector, Pharmaceuticals Sector and Others. The Petrochemicals segment consists of synthetic resin, rubber and other resin processed products.