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

Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 59,500 shares, a decrease of 79.7% from the January 15th total of 292,800 shares. Based on an average daily trading volume, of 270,300 shares, the days-to-cover ratio is presently 0.2 days.

Sumitomo Metal Mining Price Performance

Shares of SMMYY traded down $0.56 during midday trading on Wednesday, reaching $5.42. 165,869 shares of the stock were exchanged, compared to its average volume of 208,374. The company’s 50 day moving average is $5.76 and its two-hundred day moving average is $6.45. Sumitomo Metal Mining has a 52 week low of $5.41 and a 52 week high of $8.82.

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.