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

Sumitomo Realty & Development Co., Ltd. (OTCMKTS:SURDF) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 140,700 shares, a decline of 23.0% from the September 30th total of 182,700 shares. Based on an average trading volume of 900 shares, the short-interest ratio is presently 156.3 days.

Sumitomo Realty & Development Price Performance

Shares of SURDF remained flat at $31.70 during midday trading on Tuesday. The stock’s 50-day moving average price is $33.19 and its 200-day moving average price is $32.99. Sumitomo Realty & Development has a 52-week low of $27.35 and a 52-week high of $38.11.

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.