Sims Metal Management Ltd. (OTCMKTS:SMSMY) Short Interest Down 50.0% in September

Sims Metal Management Ltd. (OTCMKTS:SMSMY) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 100 shares, a decrease of 50.0% from the August 31st total of 200 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 500 shares, the short-interest ratio is presently 0.2 days.

Sims Metal Management Price Performance

Shares of OTCMKTS SMSMY opened at $8.80 on Friday. Sims Metal Management has a 1 year low of $6.84 and a 1 year high of $11.85. The firm has a 50-day moving average of $9.46 and a 200 day moving average of $9.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.66 and a quick ratio of 1.13.

Sims Metal Management Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, October 27th. Stockholders of record on Thursday, October 2nd will be paid a $0.0688 dividend. The ex-dividend date is Wednesday, October 1st. This represents a dividend yield of 134.0%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Sims Metal Management from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Sims Metal Management Company Profile

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.