SM Investments Co. (OTCMKTS:SVTMF) Sees Large Increase in Short Interest

SM Investments Co. (OTCMKTS:SVTMF) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 451 shares, an increase of 45,000.0% from the December 15th total of 1 shares. Based on an average daily volume of 66 shares, the days-to-cover ratio is presently 6.8 days. Based on an average daily volume of 66 shares, the days-to-cover ratio is presently 6.8 days.

SM Investments Stock Performance

SM Investments stock remained flat at C$11.81 during mid-day trading on Monday. The firm has a 50 day moving average price of C$12.19 and a two-hundred day moving average price of C$13.26. SM Investments has a 1-year low of C$11.81 and a 1-year high of C$15.54.

SM Investments Company Profile

SM Investments Corporation (OTCMKTS:SVTMF) is a leading Filipino conglomerate with diversified interests in retail, property development and banking. Established in 1958 by the late Henry Sy Sr., the company has grown from a single shoe store into one of the Philippines’ largest publicly listed groups. SM Investments operates under a unified corporate structure that leverages the strength of its core businesses while pursuing strategic initiatives in tourism, leisure and insurance.

In retail, SM Investments runs a network of department stores, supermarkets and specialty shops under brands such as SM Department Store, SM Supermarket, SM Hypermarket, ShoeMart and Watsons.