Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) Short Interest Up 35.1% in December

Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 33,900 shares, a growth of 35.1% from the December 15th total of 25,100 shares. Based on an average daily volume of 522,300 shares, the short-interest ratio is presently 0.1 days.

Sumitomo Metal Mining Price Performance

Shares of SMMYY traded down $0.04 during mid-day trading on Friday, hitting $5.69. 175,481 shares of the company’s stock traded hands, compared to its average volume of 336,958. The business’s 50-day moving average price is $5.91 and its 200-day moving average price is $6.72. Sumitomo Metal Mining has a 1 year low of $5.41 and a 1 year 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.