Sims Limited (OTCMKTS:SMSMY) Short Interest Update

Sims Limited (OTCMKTS:SMSMY) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 900 shares, a drop of 30.8% from the February 28th total of 1,300 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Sims Stock Down 1.9 %

Shares of OTCMKTS SMSMY opened at $9.62 on Friday. The company has a 50 day simple moving average of $8.86 and a two-hundred day simple moving average of $8.38. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.48. Sims has a 12 month low of $6.34 and a 12 month high of $10.19.

Sims Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $0.0633 per share. This is an increase from Sims’s previous dividend of $0.06. The ex-dividend date is Friday, March 7th.

About Sims

Sims Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals in Australia, Bangladesh, China, Turkey, the United States, and internationally. The company operates through six segments: North America Metals, Investment in SA Recycling, Australia/New Zealand Metals, UK Metals, Global Trading, and Sims Lifecycle Services.