SM Investments Co. (OTCMKTS:SVTMF) Stock Short Interest Declines 99.8%

SM Investments Co. (OTCMKTS:SVTMF) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 1 shares, a decline of 99.8% from the October 15th total of 597 shares. Based on an average daily volume of 127 shares, the short-interest ratio is presently 0.0 days.

SM Investments Stock Performance

Shares of OTCMKTS:SVTMF remained flat at C$9.00 during trading on Tuesday. The stock had a trading volume of 7,250 shares, compared to its average volume of 563. SM Investments has a 1-year low of C$8.00 and a 1-year high of C$12.25. The company has a 50-day moving average price of C$8.56 and a 200-day moving average price of C$10.02.

SM Investments Company Profile

SM Investments Corporation is a Philippine holding company with core businesses in retail, property development and banking. Its retail operations include department stores, supermarkets and specialty stores, while its property interests include shopping malls, residential developments, offices, hotels and convention facilities. The company also has interests in financial services, including banking. The company traces its roots to a shoe store founded by Henry Sy in Manila in 1958. That business grew into the SM retail group and later expanded into property and banking, making SM Investments one of the Philippines’ major diversified conglomerates.