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

Sumitomo Metal Mining Co., Ltd. – Unsponsored ADR (OTCMKTS:SMMYY) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 64,314 shares, a decrease of 47.8% from the August 31st total of 123,144 shares. Based on an average daily volume of 256,137 shares, the short-interest ratio is presently 0.3 days.

Sumitomo Metal Mining Trading Up 4.7%

OTCMKTS:SMMYY traded up $0.72 during mid-day trading on Wednesday, hitting $16.00. The company had a trading volume of 9,827 shares, compared to its average volume of 146,393. The business has a fifty day simple moving average of $15.11 and a 200-day simple moving average of $14.45. Sumitomo Metal Mining has a 1 year low of $7.44 and a 1 year high of $20.51.

Sumitomo Metal Mining Company Profile

Sumitomo Metal Mining Co, Ltd. is a Japanese company engaged in the exploration, mining, smelting and refining of non-ferrous metals, as well as the production of advanced materials. Its principal products include copper, nickel, gold and other precious metals, which it supplies to industrial customers and manufacturers.

The company also produces battery materials, including nickel-based cathode materials, along with semiconductor and electronic materials, crystal materials, catalysts and other specialized products.