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

Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,477 shares, an increase of 2,281.7% from the May 31st total of 104 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 7,967 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Jefferies Financial Group raised Sims Metal Management from a “moderate sell” rating to a “hold” rating in a report on Wednesday, June 17th. Royal Bank Of Canada upgraded shares of Sims Metal Management from a “hold” rating to a “moderate buy” rating in a report on Wednesday, March 18th. Zacks Research raised Sims Metal Management from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, The Goldman Sachs Group upgraded shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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Sims Metal Management Price Performance

Shares of OTCMKTS SMSMY opened at $19.52 on Friday. Sims Metal Management has a 12 month low of $8.16 and a 12 month high of $21.35. The business’s 50 day moving average is $17.03 and its two-hundred day moving average is $14.78.

Sims Metal Management Company Profile

(Get Free Report)

Sims Metal Management, trading over-the-counter under the symbol SMSMY, is the global metal recycling division of Sims Limited. Established in the early 20th century, the company has grown into one of the world’s leading recyclers of ferrous and non-ferrous metals. It serves a diverse customer base, including steel mills, foundries, manufacturers and fabricators, by collecting, processing and trading scrap metal commodities.

The company’s core activities encompass the sourcing and processing of end-of-life metal products.

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