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

Mitsui Mining & Smelting Co., Ltd. (OTCMKTS:MMSMYGet Free Report) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 2,204 shares, an increase of 1,800.0% from the May 31st total of 116 shares. Based on an average daily volume of 17,831 shares, the short-interest ratio is presently 0.1 days.

Mitsui Mining & Smelting Price Performance

Shares of OTCMKTS MMSMY traded down $4.38 during trading on Friday, hitting $53.00. 2,801 shares of the company traded hands, compared to its average volume of 3,585. The business’s fifty day moving average is $56.58 and its 200 day moving average is $41.34. Mitsui Mining & Smelting has a fifty-two week low of $6.61 and a fifty-two week 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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