SM Investments Co. (OTCMKTS:SVTMF) Shares Shorted: Short Interest Down 99.8% in October

SM Investments Co. (OTCMKTS:SVTMF) was the recipient of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 1 shares, a decline of 99.8% from the October 15th total of 597 shares. Based on an average daily volume of 127 shares, the days-to-cover ratio is currently 0.0 days.

SM Investments Stock Performance

Shares of SVTMF remained flat at C$9.00 on Tuesday. 7,250 shares of the company traded hands, compared to its average volume of 563. SM Investments has a fifty-two week low of C$8.00 and a fifty-two week high of C$12.25. The firm has a 50-day moving average price of C$8.56 and a 200 day moving average price of C$10.02.

About SM Investments

SM Investments Corporation is a Philippine holding company with core businesses in retail, property development and banking. Its retail operations include department stores, supermarkets and specialty stores, while its property interests include shopping malls, residential developments, offices, hotels and convention facilities. The company also has interests in financial services, including banking. The company traces its roots to a shoe store founded by Henry Sy in Manila in 1958. That business grew into the SM retail group and later expanded into property and banking, making SM Investments one of the Philippines’ major diversified conglomerates.