Sims Metal Management Ltd. (OTCMKTS:SMSMY) Short Interest Update

Sims Metal Management Ltd. (OTCMKTS:SMSMY) was the recipient of a significant decline in short interest in August. As of August 15th, there was short interest totaling 100 shares, adeclineof96.0% from the July 31st total of 2,500 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 0.1 days.

Sims Metal Management Stock Performance

SMSMY stock remained flat at $9.16 during mid-day trading on Tuesday. The company’s stock had a trading volume of 49 shares, compared to its average volume of 1,520. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.99 and a current ratio of 1.55. Sims Metal Management has a 1-year low of $6.48 and a 1-year high of $11.85. The business’s 50 day moving average price is $10.16 and its 200 day moving average price is $9.60.

Wall Street Analysts Forecast Growth

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

About Sims Metal Management

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.