Sumitomo Metal Mining Co., Ltd. – Unsponsored ADR (OTCMKTS:SMMYY) Shares Shorted: Short Interest Up 108.5% in October

Sumitomo Metal Mining Co., Ltd. – Unsponsored ADR (OTCMKTS:SMMYY) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 135,265 shares, a growth of 108.5% from the September 30th total of 64,878 shares. Based on an average daily volume of 191,573 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the company’s stock are short sold.

Sumitomo Metal Mining Stock Down 6.2%

Shares of OTCMKTS:SMMYY opened at $12.59 on Friday. Sumitomo Metal Mining has a 1 year low of $7.44 and a 1 year high of $20.51. The business’s 50-day moving average is $15.23 and its 200 day moving average is $14.61.

Sumitomo Metal Mining Company Profile

Sumitomo Metal Mining Co, Ltd. is a Japanese natural resources and materials company with roots tracing back to copper operations associated with the Besshi Mine in Shikoku, which began in the late seventeenth century. The company was incorporated in its present form in 1950 and has developed into an integrated mining, smelting, refining and advanced materials business.

Its mineral resources activities include the exploration, development and operation of nonferrous metal assets, particularly copper, nickel and gold.