Sumitomo Metal Mining Co., Ltd. – Unsponsored ADR (OTCMKTS:SMMYY – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 55,990 shares, a growth of 87.2% from the June 15th total of 29,917 shares. Based on an average trading volume of 438,063 shares, the short-interest ratio is currently 0.1 days.
Sumitomo Metal Mining Stock Down 2.9%
SMMYY opened at $10.97 on Friday. Sumitomo Metal Mining has a 52 week low of $5.46 and a 52 week high of $20.51. The business has a 50 day moving average price of $13.43 and a two-hundred day moving average price of $14.29.
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.
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