Sumitomo Realty & Development Co., Ltd. (OTCMKTS:SURDF) Sees Large Growth in Short Interest

Sumitomo Realty & Development Co., Ltd. (OTCMKTS:SURDF) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 410,700 shares, an increase of 76.4% from the March 31st total of 232,800 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is currently 684.5 days.

Sumitomo Realty & Development Price Performance

OTCMKTS:SURDF traded down $1.51 during midday trading on Friday, hitting $33.86. The company’s stock had a trading volume of 153 shares, compared to its average volume of 1,075. Sumitomo Realty & Development has a fifty-two week low of $24.20 and a fifty-two week high of $38.11. The firm’s 50 day moving average is $33.30 and its 200-day moving average is $30.15.

About Sumitomo Realty & Development

Sumitomo Realty & Development Co, Ltd. engages in the real estate business in Japan. It develops and leases office buildings, rental apartments, etc.; develops and sells condominium units, detached houses, etc.; and develops, leases, and sells properties, as well as operates and manages hotels, event halls, retail facilities, land lots, etc.