Sumitomo Realty & Development Co., Ltd. (OTCMKTS:SURDF) Short Interest Update

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

Sumitomo Realty & Development Price Performance

Shares of OTCMKTS SURDF remained flat at $22.52 during trading hours on Monday. The stock has a 50 day moving average of $22.85 and a two-hundred day moving average of $27.17. Sumitomo Realty & Development has a 1 year low of $20.48 and a 1 year high of $33.19.

Analysts Set New Price Targets

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

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.