Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) Short Interest Update

Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 52,600 shares, a decrease of 55.5% from the October 15th total of 118,300 shares. Based on an average daily trading volume, of 253,800 shares, the days-to-cover ratio is presently 0.2 days.

Sumitomo Metal Mining Stock Performance

Shares of OTCMKTS:SMMYY traded down $0.57 during mid-day trading on Wednesday, reaching $6.09. 179,728 shares of the company were exchanged, compared to its average volume of 85,261. Sumitomo Metal Mining has a 1 year low of $5.94 and a 1 year high of $8.82. The firm’s 50-day simple moving average is $7.02 and its 200 day simple moving average is $7.42.

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.