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

Mitsui Mining & Smelting Co., Ltd. (OTCMKTS:MMSMY) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,633 shares, a drop of 27.1% from the November 30th total of 2,239 shares. Based on an average daily trading volume, of 4,495 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 4,495 shares, the days-to-cover ratio is presently 0.4 days.

Mitsui Mining & Smelting Price Performance

Shares of Mitsui Mining & Smelting stock traded down $0.85 during trading hours on Tuesday, hitting $22.56. The company’s stock had a trading volume of 497 shares, compared to its average volume of 5,643. The business has a 50 day moving average price of $22.14 and a two-hundred day moving average price of $15.02. Mitsui Mining & Smelting has a 12-month low of $4.89 and a 12-month high of $29.65.

Mitsui Mining & Smelting Company Profile

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.