Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 1,685 shares, a growth of 149.6% from the August 31st total of 675 shares. Based on an average daily volume of 2,206 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the shares of the company are sold short.
Sims Metal Management Price Performance
Sims Metal Management stock traded down $0.54 during mid-day trading on Friday, hitting $16.90. The company’s stock had a trading volume of 1,050 shares, compared to its average volume of 1,493. The company has a 50 day moving average of $17.71 and a 200-day moving average of $16.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 1.53. Sims Metal Management has a one year low of $8.54 and a one year high of $21.35.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Jefferies Financial Group upgraded Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.
About Sims Metal Management
Sims Metal Management, now known as Sims Limited, is a global metal recycling company headquartered in Sydney, Australia. The company collects, processes and trades recycled ferrous and non-ferrous metals, including steel, aluminum, copper and other recovered materials, which are supplied to manufacturers, steel mills and foundries.
Its operations include metal collection and processing, recycling of end-of-life vehicles and industrial equipment, and the recovery of metals from commercial, construction and demolition sources.
Read More
- Five stocks we like better than Sims Metal Management
- 2 Cybersecurity Stocks Breaking Out as AI Continues to Be a Tailwind
- 3 More AI Infrastructure Plays Beyond the Big Names
- CAVA Stock Slips: Sector Fear or Valuation Reality?
- Why Equal-Weight Funds Hide A Yield Curve Catch
Receive News & Ratings for Sims Metal Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sims Metal Management and related companies with MarketBeat.com's FREE daily email newsletter.
