Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) Short Interest Up 180.8% in May

Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 640,500 shares, a growth of 180.8% from the May 15th total of 228,100 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Sumitomo Rubber Industries Trading Up 9.8%

Shares of OTCMKTS:SMTUF opened at $11.19 on Friday. Sumitomo Rubber Industries has a one year low of $10.19 and a one year high of $11.19. The business’s fifty day moving average price is $10.27 and its two-hundred day moving average price is $10.26.

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.