Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) Short Interest Up 64.8% in April

Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 115,200 shares, an increase of 64.8% from the March 31st total of 69,900 shares. Based on an average trading volume of 151,200 shares, the short-interest ratio is currently 0.8 days.

Sumitomo Metal Mining Price Performance

Sumitomo Metal Mining stock traded up $0.24 during mid-day trading on Friday, reaching $8.37. 24,621 shares of the company were exchanged, compared to its average volume of 66,869. The company has a fifty day simple moving average of $7.52 and a 200-day simple moving average of $7.22. Sumitomo Metal Mining has a 12 month low of $6.42 and a 12 month high of $9.46.

About Sumitomo Metal Mining

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 Mineral Resources, Smelting & Refining, and Materials segments. The company provides metal products, including copper, nickel/cobalt, gold/precious metal, and others; battery materials, such as nickel hydroxides, lithium nickel-cobalt-aluminum oxides, and lithium nickel manganese cobalt oxide; and crystal materials, including lithium tantalates/lithium niobates, optical isolators, faraday rotators, and substitute gallium gadolinium garnet.