Short Interest in Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) Drops By 97.9%

Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 900 shares, a decrease of 97.9% from the February 13th total of 43,700 shares. Based on an average daily trading volume, of 284,100 shares, the days-to-cover ratio is currently 0.0 days.

Sumitomo Metal Mining Price Performance

OTCMKTS:SMMYY opened at $5.28 on Thursday. Sumitomo Metal Mining has a 1-year low of $5.15 and a 1-year high of $8.82. The business’s 50-day moving average price is $5.63 and its two-hundred day moving average price is $6.25.

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.