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

Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 33,900 shares, an increase of 35.1% from the December 15th total of 25,100 shares. Based on an average trading volume of 522,300 shares, the short-interest ratio is currently 0.1 days.

Sumitomo Metal Mining Trading Down 0.7 %

Shares of SMMYY traded down $0.04 on Thursday, reaching $5.69. The company’s stock had a trading volume of 175,481 shares, compared to its average volume of 336,958. Sumitomo Metal Mining has a twelve month low of $5.41 and a twelve month high of $8.82. The firm has a fifty day moving average of $5.94 and a 200-day moving average of $6.73.

About Sumitomo Metal Mining

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.