Sumitomo Pharma Co., Ltd. (OTCMKTS:DNPUF) Short Interest Up 39.8% in October

Sumitomo Pharma Co., Ltd. (OTCMKTS:DNPUF) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 4,632,500 shares, an increase of 39.8% from the September 30th total of 3,313,100 shares. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is currently 842.3 days.

Sumitomo Pharma Stock Performance

Shares of DNPUF stock remained flat at $4.30 during mid-day trading on Tuesday. The stock’s 50-day simple moving average is $4.30 and its 200-day simple moving average is $3.11. Sumitomo Pharma has a 1-year low of $1.99 and a 1-year high of $4.50.

About Sumitomo Pharma

Sumitomo Pharma Co, Ltd. engages in the manufacture and sale of pharmaceuticals, food ingredients and additives, veterinary medicines, and others in Japan, North America, China, and internationally. The company offers pharmaceutical products, such as therapeutic agents for Parkinson's disease, uterine fibroids, depression, type 2 diabetes, systemic fungal infection, hypertension, pruritus, advanced prostate cancer, overactive bladder, chronic obstructive pulmonary disease, angina pectoris, and arrhythmia.