Sumitomo Metal Mining Co., Ltd. – Unsponsored ADR (OTCMKTS:SMMYY – Get Free Report) was the target of a significant 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 daily volume of 452,601 shares, the short-interest ratio is presently 0.2 days.
Sumitomo Metal Mining Price Performance
Shares of SMMYY opened at $15.70 on Tuesday. The business’s 50-day moving average price is $12.60 and its 200 day moving average price is $14.48. Sumitomo Metal Mining has a 1-year low of $6.26 and a 1-year high of $20.51.
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.
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