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

Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 143,800 shares, a decline of 70.1% from the December 31st total of 481,200 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Sumitomo Rubber Industries Price Performance

OTCMKTS:SMTUF remained flat at $10.25 during mid-day trading on Wednesday. The company’s 50 day simple moving average is $10.25 and its two-hundred day simple moving average is $10.83. 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.