Sims Metal Management Ltd. (OTCMKTS:SMSMY) Short Interest Up 132.0% in August

Sims Metal Management Ltd. (OTCMKTS:SMSMY) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 675 shares, a growth of 132.0% from the August 15th total of 291 shares. Based on an average daily volume of 5,228 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Sims Metal Management Stock Performance

OTCMKTS:SMSMY opened at $18.12 on Wednesday. The firm has a 50 day simple moving average of $17.78 and a 200-day simple moving average of $16.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.95. Sims Metal Management has a 1-year low of $8.16 and a 1-year high of $21.35.

Wall Street Analysts Forecast Growth

SMSMY has been the topic of a number of analyst reports. Jefferies Financial Group upgraded Sims Metal Management from a “moderate sell” rating to a “hold” rating in a report on Wednesday, June 17th. Zacks Research upgraded Sims Metal Management from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Sims Metal Management Company Profile

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.