Short Interest in Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) Drops By 26.6%

Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 43,700 shares, a decrease of 26.6% from the January 31st total of 59,500 shares. Based on an average daily volume of 308,300 shares, the days-to-cover ratio is currently 0.1 days.

Sumitomo Metal Mining Price Performance

Shares of SMMYY traded down $0.12 on Wednesday, hitting $5.23. 169,970 shares of the stock traded hands, compared to its average volume of 192,201. Sumitomo Metal Mining has a one year low of $5.16 and a one year high of $8.82. The business has a 50 day simple moving average of $5.66 and a 200 day simple moving average of $6.31.

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.