Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY – Get Rating) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 34,500 shares, a drop of 21.9% from the March 31st total of 44,200 shares. Based on an average daily trading volume, of 83,800 shares, the days-to-cover ratio is currently 0.4 days.
Shares of Sumitomo Metal Mining stock opened at $10.75 on Tuesday. The business has a fifty day simple moving average of $12.41 and a two-hundred day simple moving average of $11.04. Sumitomo Metal Mining has a 12 month low of $8.52 and a 12 month high of $13.78.
Separately, The Goldman Sachs Group began coverage on Sumitomo Metal Mining in a research report on Tuesday, April 26th. They set a “buy” rating for the company.
Sumitomo Metal Mining Co, Ltd., together with its subsidiaries, engages in mining, smelting, and refining non-ferrous metals in Japan and internationally. It operates through three segments: Mineral Resources, Smelting & Refining, and Materials. The company provides metal products, including copper, nickel/cobalt, gold/precious metal, and other deposits.
- Get a free copy of the StockNews.com research report on Sumitomo Metal Mining (SMMYY)
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