Sumitomo Chemcl (OTCMKTS:SOMMY) Short Interest Down 52.0% in May

Sumitomo Chemcl (OTCMKTS:SOMMY) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,399 shares, a decline of 52.0% from the May 14th total of 2,916 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 2,087 shares, the days-to-cover ratio is currently 0.7 days.

Sumitomo Chemcl Price Performance

Shares of SOMMY opened at $17.00 on Friday. Sumitomo Chemcl has a 12-month low of $11.32 and a 12-month high of $20.60. The firm has a fifty day moving average price of $17.23 and a 200-day moving average price of $16.26. The firm has a market capitalization of $5.64 billion, a P/E ratio of 13.71 and a beta of 0.31. The company has a current ratio of 1.51, a quick ratio of 0.92 and a debt-to-equity ratio of 0.74.

Sumitomo Chemcl (OTCMKTS:SOMMY) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.52) earnings per share for the quarter. Sumitomo Chemcl had a return on equity of 5.16% and a net margin of 2.65%.The business had revenue of $3.97 billion during the quarter. Sumitomo Chemcl has set its FY 2026 guidance at 1.350-1.350 EPS. Equities research analysts expect that Sumitomo Chemcl will post 1.35 earnings per share for the current year.

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.