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

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

Sumitomo Metal Mining Stock Up 1.0 %

OTCMKTS:SMMYY traded up $0.06 during trading on Friday, reaching $5.75. The company’s stock had a trading volume of 74,599 shares, compared to its average volume of 313,100. The firm has a 50 day moving average of $5.88 and a 200-day moving average of $6.71. Sumitomo Metal Mining has a 12 month low of $5.41 and a 12 month high of $8.82.

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.