Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 104 shares, an increase of 10,300.0% from the May 14th total of 1 shares. Based on an average trading volume of 4,681 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.
Sims Metal Management Stock Up 0.3%
SMSMY stock opened at $19.43 on Thursday. The firm’s 50 day moving average price is $15.57 and its 200-day moving average price is $14.07. Sims Metal Management has a one year low of $8.16 and a one year high of $21.35.
Analyst Ratings Changes
Several brokerages recently issued reports on SMSMY. Royal Bank Of Canada raised shares of Sims Metal Management from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, March 18th. The Goldman Sachs Group raised shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Zacks Research cut shares of Sims Metal Management from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
About Sims Metal Management
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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