Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) Short Interest Up 64.8% in April

Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 115,200 shares, an increase of 64.8% from the March 31st total of 69,900 shares. Based on an average trading volume of 151,200 shares, the days-to-cover ratio is currently 0.8 days.

Sumitomo Metal Mining Stock Performance

Shares of OTCMKTS SMMYY traded up $0.24 during midday trading on Friday, hitting $8.37. The company’s stock had a trading volume of 24,621 shares, compared to its average volume of 66,869. The stock has a fifty day moving average price of $7.52 and a 200 day moving average price of $7.23. Sumitomo Metal Mining has a one year low of $6.42 and a one year high of $9.46.

Sumitomo Metal Mining Company Profile

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.