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

Sumitomo Realty & Development Co., Ltd. (OTCMKTS:SURDFGet Free Report) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,736,589 shares, an increase of 75.4% from the April 15th total of 1,560,197 shares. Based on an average daily volume of 2,259 shares, the short-interest ratio is currently 1,211.4 days.

Sumitomo Realty & Development Stock Performance

Sumitomo Realty & Development stock opened at $30.50 on Tuesday. Sumitomo Realty & Development has a 1 year low of $17.52 and a 1 year high of $33.19. The firm’s 50 day moving average price is $30.79 and its two-hundred day moving average price is $33.69.

About Sumitomo Realty & Development

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Sumitomo Realty & Development Co, Ltd. (OTCMKTS:SURDF) is one of Japan’s foremost comprehensive real estate developers. Headquartered in Tokyo, the company engages in the development, leasing and management of a wide range of properties. Its portfolio spans office buildings, residential condominiums, retail facilities, hotels and leisure complexes, reflecting a diversified approach to land use and urban development.

In addition to its core property development activities, Sumitomo Realty provides integrated property management services, including leasing, maintenance and building operations.

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