Sumitomo Metal Mining Co., Ltd. – Unsponsored ADR (OTCMKTS:SMMYY) Short Interest Update

Sumitomo Metal Mining Co., Ltd. – Unsponsored ADR (OTCMKTS:SMMYY) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 29,917 shares, a growth of 1,207.6% from the May 31st total of 2,288 shares. Based on an average trading volume of 359,346 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Daiwa Securities Group upgraded Sumitomo Metal Mining to a “strong-buy” rating in a research report on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Sumitomo Metal Mining presently has a consensus rating of “Buy”.

Sumitomo Metal Mining Stock Performance

Sumitomo Metal Mining stock traded down $0.33 during mid-day trading on Thursday, hitting $11.70. 588,001 shares of the company’s stock were exchanged, compared to its average volume of 155,927. The company’s 50 day simple moving average is $14.68 and its 200-day simple moving average is $14.07. Sumitomo Metal Mining has a fifty-two week low of $5.46 and a fifty-two week high of $20.51.

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.