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Short interest plunged at Sumitomo Mitsui and Mitsui & Co. amid strong earnings and positive analyst outlooks.
Sumitomo Mitsui Financial Group saw short interest drop 38% in December to 2.06 million shares, with a low 0.9-day cover ratio, reflecting minimal short-selling activity.
The stock closed at $19.53, near its 52-week high, following strong November earnings that beat estimates.
Mitsui & Co. also saw a 66.7% drop in short interest, with shares at $583.71, after reporting better-than-expected quarterly earnings.
Both companies show positive financial metrics and analyst support, with Mitsui & Co. rated a "Buy" and projected full-year earnings of $42.43.
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El interés en corto se desplomó en Sumitomo Mitsui y Mitsui & Co. en medio de fuertes ganancias y perspectivas positivas de los analistas.