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

Mitsui Mining & Smelting Co., Ltd. (OTCMKTS:MMSMY) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 876 shares, a decrease of 80.5% from the April 15th total of 4,488 shares. Based on an average trading volume of 3,614 shares, the short-interest ratio is presently 0.2 days.

Mitsui Mining & Smelting Price Performance

Shares of OTCMKTS MMSMY remained flat at $61.14 during mid-day trading on Thursday. The company had a trading volume of 4,977 shares, compared to its average volume of 3,091. The stock has a 50 day moving average of $45.22 and a two-hundred day moving average of $33.30. Mitsui Mining & Smelting has a one year low of $5.47 and a one year high of $67.00.

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.