Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) Sees Significant Growth in Short Interest

Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 86,000 shares, an increase of 61.4% from the February 13th total of 53,300 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Sumitomo Rubber Industries Price Performance

Shares of SMTUF opened at $10.25 on Friday. The stock has a 50-day moving average of $10.25 and a two-hundred day moving average of $10.30. Sumitomo Rubber Industries has a one year low of $10.19 and a one year high of $10.25.

Sumitomo Rubber Industries Company Profile

Sumitomo Rubber Industries, Ltd., together with its subsidiaries, offers tires, sports, and industrial and other products in Japan, rest of Asia, Europe, North America, and internationally. It manufactures and sells a range of tires for various vehicles, such as passenger cars, trucks, buses, motorcycles, construction vehicles, agricultural vehicles, and race and rally cars, as well as for industrial vehicles under the Dunlop and Falken brands.