Sumitomo Realty & Development Co., Ltd. (OTCMKTS:SURDF – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 922,470 shares, a drop of 66.3% from the May 14th total of 2,734,746 shares. Based on an average daily trading volume, of 272 shares, the short-interest ratio is presently 3,391.4 days.
Sumitomo Realty & Development Stock Performance
Sumitomo Realty & Development stock opened at $23.65 on Thursday. Sumitomo Realty & Development has a 52-week low of $17.99 and a 52-week high of $33.19. The firm has a 50 day moving average price of $28.84 and a two-hundred day moving average price of $31.45.
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.
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