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

Sumitomo Metal Mining Co., Ltd. – Unsponsored ADR (OTCMKTS:SMMYY) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 55,990 shares, a growth of 87.2% from the June 15th total of 29,917 shares. Based on an average daily trading volume, of 438,063 shares, the short-interest ratio is presently 0.1 days.

Sumitomo Metal Mining Trading Down 0.7%

Shares of SMMYY opened at $11.28 on Thursday. Sumitomo Metal Mining has a 1-year low of $5.46 and a 1-year high of $20.51. The company has a 50-day moving average of $13.52 and a 200 day moving average of $14.28.

Sumitomo Metal Mining Company Profile

Sumitomo Metal Mining Co, Ltd., headquartered in Tokyo, Japan, is a diversified metals and mining company with operations spanning exploration, extraction, smelting, refining and recycling. Tracing its roots to the historic Besshi Copper Mine under the Sumitomo umbrella, it was established as a standalone corporate entity in 1950. The company’s product portfolio includes copper, nickel, cobalt and gold, with a growing emphasis on battery‐grade nickel and cobalt sulfate for lithium‐ion cells used in electric vehicles and energy storage systems.

Key assets include the Niihama copper smelter and refinery in Ehime Prefecture, and a 20% interest in PT Vale Indonesia, operator of the Sorowako nickel mine on Sulawesi Island.