SUMITOMO CHEMICAL CO LTD ORDINARY SHARES (OTCMKTS:SOMMF) Shorts Strengthened By 71.84% As Of Apr 16, 2018

April 16, 2018 - By Vernon Rice

Sumitomo Chemical Company, Limited (OTCMKTS:SOMMF) Corporate Logo

Change of 71.84% for SUMITOMO CHEMICAL CO LTD ORDINARY SHARES (OTCMKTS:SOMMF)’s short interest was noted. In April was announced SOMMF’s total 3.37 million short interest by FINRA. That’s 71.84% up from 1.96 million shares. SUMITOMO CHEMICAL CO LTD ORDINARY SHARES’s short interest float is 0.22%.

The last price was $6.Since April 16, 2017 it’s 0.00% down thus . SOMMF underperformed by 11.55% the S&P500.

Sumitomo Chemical Company, Limited operates in petrochemicals and plastics, energy and functional materials, IT-related chemicals, health and crop sciences, and pharmaceuticals sectors worldwide.The firm is worth $9.58 billion. The company's Petrochemicals & Plastics segment offers synthetic resins, such as polyethylene, polypropylene, and methyl methacrylate resins; raw materials for synthetic fibers; and various industrial chemicals.The P/E ratio is 7.57. The Company’s Energy & Functional Materials segment provides alumina and aluminum products used for energy-efficient products; polymer additives and rubber chemicals; synthetic rubber for tires; and engineering plastics and materials for lithium-ion secondary batteries that are used in electronic components and next-generation vehicles.

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