Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) Short Interest Up 34.6% in May

Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 496,400 shares, an increase of 34.6% from the May 15th total of 368,700 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 4,964.0 days.

Sumitomo Rubber Industries Price Performance

Shares of OTCMKTS:SMTUF remained flat at $12.67 during midday trading on Friday. Sumitomo Rubber Industries has a fifty-two week low of $12.67 and a fifty-two week high of $12.67. The stock’s 50-day simple moving average is $12.13 and its two-hundred day simple moving average is $11.77.

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.