Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) Sees Large Growth in Short Interest

Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,600 shares, an increase of 77.8% from the February 28th total of 900 shares. Based on an average trading volume of 493,300 shares, the days-to-cover ratio is presently 0.0 days.

Sumitomo Metal Mining Stock Performance

Shares of OTCMKTS:SMMYY traded down $0.17 during midday trading on Friday, hitting $5.71. 23,870 shares of the stock traded hands, compared to its average volume of 189,057. Sumitomo Metal Mining has a one year low of $5.14 and a one year high of $8.82. The business’s 50 day moving average is $5.64 and its two-hundred day moving average is $6.17.

Sumitomo Metal Mining Company Profile

Sumitomo Metal Mining Co, Ltd., together with its subsidiaries, engages in mining, smelting, and refining non-ferrous metals in Japan and internationally. It operates through Mineral Resources, Smelting & Refining, and Materials segments. The company provides metal products, including copper, nickel/cobalt, gold/precious metal, and others; battery materials, such as nickel hydroxides, lithium nickel-cobalt-aluminum oxides, and lithium nickel manganese cobalt oxide; and crystal materials, including lithium tantalates/lithium niobates, optical isolators, faraday rotators, and substitute gallium gadolinium garnet.