Sumitomo Realty & Development Co., Ltd. (OTCMKTS:SURDF) Short Interest Up 40.9% in August

Sumitomo Realty & Development Co., Ltd. (OTCMKTS:SURDF) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 264,800 shares, a growth of 40.9% from the August 15th total of 188,000 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 2,648.0 days.

Sumitomo Realty & Development Stock Performance

Shares of OTCMKTS:SURDF remained flat at $34.38 during trading on Friday. The firm’s 50-day simple moving average is $32.08 and its two-hundred day simple moving average is $32.83. Sumitomo Realty & Development has a 12 month low of $27.35 and a 12 month high of $38.11.

About Sumitomo Realty & Development

Sumitomo Realty & Development Co, Ltd. engages in the real estate business in Japan. It develops and leases office buildings, rental apartments, etc.; develops and sells condominium units, detached houses, etc.; and develops, leases, and sells properties, as well as operates and manages hotels, event halls, retail facilities, land lots, etc.