Short Interest in Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) Increases By 453.8%

Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 14,400 shares, a growth of 453.8% from the August 15th total of 2,600 shares. Based on an average trading volume of 119,800 shares, the days-to-cover ratio is currently 0.1 days.

Sumitomo Metal Mining Stock Performance

Shares of Sumitomo Metal Mining stock traded down $0.06 during trading hours on Thursday, reaching $6.06. The stock had a trading volume of 322,010 shares, compared to its average volume of 77,981. Sumitomo Metal Mining has a 1 year low of $5.94 and a 1 year high of $8.82. The firm has a 50 day simple moving average of $7.14 and a two-hundred day simple moving average of $7.56.

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.