Mitsui Mining & Smelting Co., Ltd. (OTCMKTS:MMSMY) Sees Large Increase in Short Interest

Mitsui Mining & Smelting Co., Ltd. (OTCMKTS:MMSMY – Get Free Report) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 8,166 shares, an increase of 920.7% from the July 15th total of 800 shares. Based on an average daily volume of 51,630 shares, the short-interest ratio is presently 0.2 days.

Mitsui Mining & Smelting Price Performance

MMSMY stock remained flat at $38.79 during trading on Thursday. 3,627 shares of the company traded hands, compared to its average volume of 7,332. The company has a 50 day simple moving average of $46.39 and a 200-day simple moving average of $45.38. Mitsui Mining & Smelting has a 1 year low of $11.37 and a 1 year high of $69.83.

Mitsui Mining & Smelting Company Profile

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Mitsui Mining & Smelting Co, Ltd. is a Tokyo-based nonferrous metals producer and a member of the Mitsui Group. The company specializes in the smelting, refining and marketing of base metals, including copper, zinc and lead, as well as precious metals such as gold and silver. With a history spanning back to its early 20th-century origins, Mitsui Mining & Smelting has built a reputation for technical expertise in metallurgical processes and materials science.

The company’s core business segments encompass traditional metals operations and advanced functional materials.

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