Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) Sees Large Decline in Short Interest

Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 53,300 shares, a drop of 27.9% from the January 31st total of 73,900 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 533.0 days.

Sumitomo Rubber Industries Stock Performance

OTCMKTS SMTUF remained flat at $10.25 during trading hours on Wednesday. The company had a trading volume of 100 shares, compared to its average volume of 520. Sumitomo Rubber Industries has a one year low of $10.19 and a one year high of $10.25. The business’s 50-day moving average is $10.25 and its 200-day moving average is $10.40.

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.