Short Interest in Mitsui Mining & Smelting Co., Ltd. (OTCMKTS:MMSMY) Drops By 93.7%

Mitsui Mining & Smelting Co., Ltd. (OTCMKTS:MMSMYGet Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 800 shares, a drop of 93.7% from the June 30th total of 12,799 shares. Based on an average trading volume of 23,446 shares, the days-to-cover ratio is currently 0.0 days.

Mitsui Mining & Smelting Trading Down 3.6%

Shares of MMSMY traded down $1.45 during mid-day trading on Friday, reaching $38.86. 11,029 shares of the stock traded hands, compared to its average volume of 5,031. The stock has a fifty day simple moving average of $52.52 and a 200 day simple moving average of $44.26. Mitsui Mining & Smelting has a 12-month low of $8.95 and a 12-month 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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