Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) Short Interest Down 99.4% in March

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMY) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a decline of 99.4% from the February 29th total of 16,200 shares. Based on an average daily trading volume, of 93,200 shares, the short-interest ratio is presently 0.0 days.

Sumitomo Chemical Price Performance

SOMMY stock traded down $0.34 during midday trading on Thursday, reaching $10.59. The company had a trading volume of 25,854 shares, compared to its average volume of 67,619. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 1,060.06 and a beta of 0.62. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.20 and a quick ratio of 0.67. Sumitomo Chemical has a 1-year low of $9.69 and a 1-year high of $17.53. The stock has a 50 day moving average price of $10.64 and a 200-day moving average price of $12.09.

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

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.