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

Sumitomo Realty & Development Co., Ltd. (OTCMKTS:SURDF) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 1,291,200 shares, a decrease of 26.7% from the May 15th total of 1,762,000 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 12,912.0 days.

Sumitomo Realty & Development Stock Down 3.7%

Shares of SURDF stock opened at $39.03 on Wednesday. Sumitomo Realty & Development has a 12 month low of $27.35 and a 12 month high of $41.60. The company has a 50 day simple moving average of $37.56 and a two-hundred day simple moving average of $34.37.

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.