Sumitomo Chemcl (OTCMKTS:SOMMY) Sees Large Decline in Short Interest

Sumitomo Chemcl (OTCMKTS:SOMMY) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 3,931 shares, a decline of 20.3% from the November 30th total of 4,932 shares. Based on an average daily volume of 1,985 shares, the short-interest ratio is presently 2.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,985 shares, the short-interest ratio is presently 2.0 days.

Sumitomo Chemcl Trading Up 1.2%

Shares of SOMMY opened at $14.17 on Wednesday. The stock’s 50-day moving average price is $14.82 and its 200 day moving average price is $14.29. The company has a quick ratio of 1.00, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 8.19 and a beta of 0.26. Sumitomo Chemcl has a 12-month low of $9.95 and a 12-month high of $16.85.

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

Analysts Set New Price Targets

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

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.