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

Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 481,200 shares, an increase of 202.8% from the November 30th total of 158,900 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Sumitomo Rubber Industries Stock Performance

Shares of SMTUF stock remained flat at $10.25 on Friday. 2 shares of the company traded hands, compared to its average volume of 520. The firm’s 50 day moving average is $10.25 and its two-hundred day moving average is $11.22. Sumitomo Rubber Industries has a 52 week low of $10.19 and a 52 week high of $10.25.

About Sumitomo Rubber Industries

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.