Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 3,198 shares, a growth of 180.0% from the September 30th total of 1,142 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,057 shares, the days-to-cover ratio is currently 1.6 days.
Sims Metal Management Stock Performance
Shares of OTCMKTS SMSMY opened at $15.26 on Thursday. The firm’s 50-day moving average price is $16.52 and its 200-day moving average price is $16.13. Sims Metal Management has a 1-year low of $9.15 and a 1-year high of $21.35. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.20.
About Sims Metal Management
Sims Metal Management, now operating as Sims Limited, is a global metal recycling company that collects, processes and markets ferrous and nonferrous scrap metal. Its materials are sourced from industrial, commercial, construction, demolition and end-of-life consumer products, then processed for reuse by steel mills, foundries and other manufacturers.
The company also provides electronics recycling and asset recovery services. These activities include the collection, dismantling and responsible processing of end-of-life computers, telecommunications equipment, appliances and other electronic products, with an emphasis on recovering usable metals and managing regulated materials.
Founded in Australia in 1917, the company has expanded into an international recycling business serving customers and suppliers across Australia and New Zealand, North America, the United Kingdom and Europe.
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