Sumitomo Metal Mining Co., Ltd. – Unsponsored ADR (OTCMKTS:SMMYY – Get Free Report) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 135,265 shares, an increase of 108.5% from the September 30th total of 64,878 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 191,573 shares, the short-interest ratio is currently 0.7 days.
Sumitomo Metal Mining Stock Down 6.2%
Sumitomo Metal Mining stock opened at $12.59 on Friday. The business has a fifty day moving average price of $15.23 and a 200-day moving average price of $14.61. Sumitomo Metal Mining has a one year low of $7.44 and a one year high of $20.51.
About Sumitomo Metal Mining
Sumitomo Metal Mining Co, Ltd. is a Japanese natural resources and materials company with roots tracing back to copper operations associated with the Besshi Mine in Shikoku, which began in the late seventeenth century. The company was incorporated in its present form in 1950 and has developed into an integrated mining, smelting, refining and advanced materials business.
Its mineral resources activities include the exploration, development and operation of nonferrous metal assets, particularly copper, nickel and gold.
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