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 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 presently 0.1 days.

Sumitomo Metal Mining Stock Performance

Shares of OTCMKTS SMMYY traded up $0.06 during trading hours on Friday, reaching $5.75. 74,599 shares of the stock traded hands, compared to its average volume of 313,100. Sumitomo Metal Mining has a 52-week low of $5.41 and a 52-week high of $8.82. The company’s 50-day simple moving average is $5.88 and its two-hundred day simple moving average is $6.71.

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.