Short Interest in Sumitomo Pharma Co., Ltd. (OTCMKTS:DNPUF) Expands By 39.8%

Sumitomo Pharma Co., Ltd. (OTCMKTS:DNPUF) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 4,632,500 shares, an increase of 39.8% from the September 30th total of 3,313,100 shares. Based on an average trading volume of 5,500 shares, the short-interest ratio is presently 842.3 days.

Sumitomo Pharma Price Performance

Shares of Sumitomo Pharma stock remained flat at $4.30 during trading on Tuesday. The business has a 50-day simple moving average of $4.30 and a two-hundred day simple moving average of $3.11. Sumitomo Pharma has a twelve month low of $1.99 and a twelve month high of $4.50.

About Sumitomo Pharma

Sumitomo Pharma Co, Ltd. engages in the manufacture and sale of pharmaceuticals, food ingredients and additives, veterinary medicines, and others in Japan, North America, China, and internationally. The company offers pharmaceutical products, such as therapeutic agents for Parkinson's disease, uterine fibroids, depression, type 2 diabetes, systemic fungal infection, hypertension, pruritus, advanced prostate cancer, overactive bladder, chronic obstructive pulmonary disease, angina pectoris, and arrhythmia.