Short Interest in Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) Declines By 25.6%

Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 73,900 shares, a drop of 25.6% from the January 15th total of 99,300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 739.0 days.

Sumitomo Rubber Industries Stock Performance

Sumitomo Rubber Industries stock opened at $10.25 on Friday. The stock’s fifty day moving average price is $10.25 and its two-hundred day moving average price is $10.62. Sumitomo Rubber Industries has a one year low of $10.19 and a one year high of $10.25.

About Sumitomo Rubber Industries

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.