Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) Sees Large Growth in Short Interest

Sumitomo Rubber Industries, Ltd. (OTCMKTS:SMTUF) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 1,947,067 shares, a growth of 55.1% from the July 30th total of 1,254,959 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ? days.

Sumitomo Rubber Industries Price Performance

Shares of OTCMKTS SMTUF opened at $13.41 on Wednesday. The firm has a fifty day moving average of $13.63 and a 200 day moving average of $14.79. Sumitomo Rubber Industries has a one year low of $13.67 and a one year high of $16.36.

Sumitomo Rubber Industries Company Profile

Sumitomo Rubber Industries, Ltd. is a Japan?based manufacturer specializing in the development, production and sale of tires, industrial rubber products and sports goods. Under its flagship brands—Dunlop and Falken—the company serves both the original?equipment and replacement tire markets, supplying passenger cars, commercial vehicles and specialty applications. In addition to tire manufacturing, Sumitomo Rubber Industries produces hose, belts and molded rubber components for industrial and automotive clients worldwide.

The company traces its roots to the early 20th century and was formally established in 1963 through the merger of Sumitomo Rubber Co, Ltd.