Short Interest in Sumitomo Chemcl (OTCMKTS:SOMMY) Drops By 20.3%

Sumitomo Chemcl (OTCMKTS:SOMMY) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 3,931 shares, a drop of 20.3% from the November 30th total of 4,932 shares. Based on an average trading volume of 1,985 shares, the short-interest ratio is presently 2.0 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,985 shares, the short-interest ratio is presently 2.0 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded Sumitomo Chemcl to a “hold” rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Sumitomo Chemcl Trading Up 1.9%

Sumitomo Chemcl stock opened at $14.44 on Friday. Sumitomo Chemcl has a one year low of $9.95 and a one year high of $16.85. The company’s fifty day moving average price is $14.79 and its two-hundred day moving average price is $14.29. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 1.00. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 8.35 and a beta of 0.24.

Sumitomo Chemcl (OTCMKTS:SOMMY) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter. The company had revenue of $3.86 billion during the quarter. Sumitomo Chemcl had a return on equity of 7.54% and a net margin of 3.43%.

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.