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

Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) was the target of a significant drop in short interest during 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 daily volume of 100 shares, the short-interest ratio is presently 533.0 days.

Sumitomo Rubber Industries Stock Performance

OTCMKTS:SMTUF opened at $10.25 on Monday. Sumitomo Rubber Industries has a one year low of $10.19 and a one year high of $10.25. The stock has a 50-day simple moving average of $10.25 and a 200 day simple moving average of $10.44.

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.