Sumitomo Chemcl (OTCMKTS:SOMMY) Shares Shorted: Short Interest Down 43.8% in September

Sumitomo Chemcl (OTCMKTS:SOMMY) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 1,146 shares, a decline of 43.8% from the August 31st total of 2,040 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,025 shares, the days-to-cover ratio is presently 1.1 days.

Sumitomo Chemcl Price Performance

Shares of OTCMKTS SOMMY opened at $18.36 on Thursday. The stock has a fifty day moving average price of $17.43 and a 200 day moving average price of $17.02. Sumitomo Chemcl has a 1-year low of $13.83 and a 1-year high of $20.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.50 and a quick ratio of 0.92. The company has a market cap of $6.11 billion, a PE ratio of 8.70 and a beta of 0.37.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Sumitomo Chemcl to a “hold” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

About Sumitomo Chemcl

Sumitomo Chemical Co, Ltd. is a Japan-based diversified chemical company that develops and manufactures products for a broad range of industries. Its activities include essential chemicals and plastics, energy and functional materials, information technology-related chemicals, health and crop sciences, and pharmaceuticals.

The company’s products and technologies support applications such as automotive materials, industrial chemicals, semiconductor and display components, battery-related materials, agricultural chemicals, household insecticides, pharmaceuticals, and other healthcare products.