Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) Short Interest Up 180.8% in May

Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 640,500 shares, an increase of 180.8% from the May 15th total of 228,100 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Sumitomo Rubber Industries Price Performance

SMTUF stock opened at $11.19 on Friday. Sumitomo Rubber Industries has a fifty-two week low of $10.19 and a fifty-two week high of $11.19. The business’s 50-day moving average is $10.27 and its two-hundred day moving average is $10.26.

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.