Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) was the target of a large growth in short interest in 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 currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Jefferies Financial Group raised Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, June 17th. Zacks Research raised shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.
Check Out Our Latest Analysis on Sims Metal Management
Sims Metal Management Stock Performance
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.
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