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

Sumitomo Realty & Development Co., Ltd. (OTCMKTS:SURDF) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 913,048 shares, a decrease of 53.8% from the July 15th total of 1,974,450 shares. Based on an average trading volume of 397 shares, the days-to-cover ratio is presently 2,299.9 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered Sumitomo Realty & Development from a “neutral” rating to a “sell” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Sumitomo Realty & Development Stock Performance

Shares of OTCMKTS SURDF opened at $22.52 on Friday. Sumitomo Realty & Development has a fifty-two week low of $20.48 and a fifty-two week high of $33.19. The company’s 50 day simple moving average is $22.85 and its 200 day simple moving average is $27.17.

Sumitomo Realty & Development Company Profile

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.