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 recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 104,006 shares, an increase of 77.1% from the July 15th total of 58,713 shares. Based on an average trading volume of 452,601 shares, the days-to-cover ratio is currently 0.2 days.

Sumitomo Metal Mining Trading Up 3.2%

Shares of OTCMKTS SMMYY traded up $0.48 during trading on Monday, reaching $15.61. The company had a trading volume of 12,646 shares, compared to its average volume of 152,085. Sumitomo Metal Mining has a 52 week low of $6.26 and a 52 week high of $20.51. The business’s 50 day moving average price is $12.54 and its 200-day moving average price is $14.47.

About Sumitomo Metal Mining

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.