Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) Short Interest Up 153.1% in March

Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 283,500 shares, an increase of 153.1% from the March 15th total of 112,000 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Sumitomo Rubber Industries Stock Performance

Shares of OTCMKTS SMTUF remained flat at $10.25 during midday trading on Thursday. Sumitomo Rubber Industries has a 52 week low of $10.19 and a 52 week high of $10.25. The business’s 50-day simple moving average is $10.25 and its 200-day simple moving average is $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.