Sumitomo Metal Mining Co., Ltd. (OTCMKTS:SMMYY – Get Rating) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 13,300 shares, an increase of 114.5% from the May 15th total of 6,200 shares. Based on an average daily trading volume, of 132,500 shares, the short-interest ratio is currently 0.1 days.

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

SMMYY stock traded down $0.27 on Friday, hitting $9.73. 247,902 shares of the company were exchanged, compared to its average volume of 72,542. Sumitomo Metal Mining has a twelve month low of $8.52 and a twelve month high of $13.78. The business’s fifty day moving average is $11.01 and its two-hundred day moving average is $11.14.

About Sumitomo Metal Mining (Get Rating)

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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