Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) Short Interest Up 55.1% in August

by · The Markets Daily

Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,947,067 shares, a growth of 55.1% from the July 30th total of 1,254,959 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Sumitomo Rubber Industries Stock Performance

SMTUF stock opened at $13.46 on Thursday. Sumitomo Rubber Industries has a fifty-two week low of $13.46 and a fifty-two week high of $13.67. The business’s 50 day moving average price is $13.62 and its two-hundred day moving average price is $14.77.

Sumitomo Rubber Industries Company Profile

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Sumitomo Rubber Industries, Ltd. is a Japan‐based manufacturer specializing in the development, production and sale of tires, industrial rubber products and sports goods. Under its flagship brands—Dunlop and Falken—the company serves both the original‐equipment and replacement tire markets, supplying passenger cars, commercial vehicles and specialty applications. In addition to tire manufacturing, Sumitomo Rubber Industries produces hose, belts and molded rubber components for industrial and automotive clients worldwide.

The company traces its roots to the early 20th century and was formally established in 1963 through the merger of Sumitomo Rubber Co, Ltd.

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