Short Interest in Sims Metal Management Ltd. (OTCMKTS:SMSMY) Rises By 196.5%

Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,399 shares, an increase of 196.5% from the July 15th total of 809 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 4,583 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SMSMY shares. Zacks Research raised shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Jefferies Financial Group raised Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Get Sims Metal Management alerts:

Get Our Latest Research Report on SMSMY

Sims Metal Management Price Performance

Shares of SMSMY stock traded up $0.02 during trading on Thursday, hitting $19.00. The company had a trading volume of 292 shares, compared to its average volume of 4,887. The company has a quick ratio of 0.95, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average is $18.67 and its two-hundred day moving average is $16.14. Sims Metal Management has a 52 week low of $8.16 and a 52 week high of $21.35.

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.

Featured Stories

• Five stocks we like better than Sims Metal Management
• Ryman Checks Into a $1.38B Hospitality Upgrade
• Axos Financial Keeps Proving the Digital Banking Model Works
• SpaceX’s First Earnings Report Only Made Wall Street More Divided
• Plug Power Charges Ahead: Margin Expansion Sparks a Rally

Receive News & Ratings for Sims Metal Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sims Metal Management and related companies with MarketBeat.com's FREE daily email newsletter.