Sumitomo Realty & Development Co., Ltd. (OTCMKTS:SURDF) Sees Large Growth in Short Interest

Sumitomo Realty & Development Co., Ltd. (OTCMKTS:SURDF) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 2,309,292 shares, an increase of 150.3% from the May 31st total of 922,470 shares. Based on an average daily volume of 1,009 shares, the days-to-cover ratio is currently 2,288.7 days.

Sumitomo Realty & Development Stock Performance

OTCMKTS SURDF remained flat at $23.57 on Tuesday. The company’s stock had a trading volume of 618 shares, compared to its average volume of 888. The firm has a fifty day simple moving average of $26.26 and a two-hundred day simple moving average of $29.31. Sumitomo Realty & Development has a one year low of $17.99 and a one year high of $33.19.

About Sumitomo Realty & Development

Sumitomo Realty & Development Co, Ltd. (OTCMKTS:SURDF) is one of Japan’s foremost comprehensive real estate developers. Headquartered in Tokyo, the company engages in the development, leasing and management of a wide range of properties. Its portfolio spans office buildings, residential condominiums, retail facilities, hotels and leisure complexes, reflecting a diversified approach to land use and urban development.

In addition to its core property development activities, Sumitomo Realty provides integrated property management services, including leasing, maintenance and building operations.