Sumitomo Realty & Development Co., Ltd. (OTCMKTS:SURDF) Sees Large Increase in Short Interest
by Renee Jackson · The Cerbat GemSumitomo Realty & Development Co., Ltd. (OTCMKTS:SURDF – Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 2,736,589 shares, a growth of 75.4% from the April 15th total of 1,560,197 shares. Based on an average daily volume of 2,259 shares, the short-interest ratio is presently 1,211.4 days.
Sumitomo Realty & Development Stock Performance
Shares of OTCMKTS SURDF remained flat at $30.50 during midday trading on Monday. Sumitomo Realty & Development has a 52-week low of $17.52 and a 52-week high of $33.19. The stock’s 50 day simple moving average is $30.78 and its 200 day simple moving average is $33.78.
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.