Short Interest in Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) Drops By 21.3%

Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYYGet Rating) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 59,900 shares, a decline of 21.3% from the June 30th total of 76,100 shares. Based on an average daily volume of 356,800 shares, the short-interest ratio is presently 0.2 days.

Sumitomo Metal Mining Stock Down 2.5 %

Sumitomo Metal Mining stock opened at $7.71 on Thursday. The firm’s 50 day simple moving average is $8.50 and its 200 day simple moving average is $10.64. Sumitomo Metal Mining has a 1-year low of $6.87 and a 1-year high of $13.78.

Analyst Ratings Changes

Separately, The Goldman Sachs Group assumed coverage on shares of Sumitomo Metal Mining in a research report on Tuesday, April 26th. They issued a “buy” rating on the stock.

Sumitomo Metal Mining Company Profile

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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.

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