Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,033 shares, a drop of 58.3% from the June 15th total of 2,477 shares. Based on an average daily volume of 5,178 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.
Sims Metal Management Price Performance
Shares of OTCMKTS:SMSMY traded up $0.21 during trading on Tuesday, hitting $17.51. 9,826 shares of the stock traded hands, compared to its average volume of 5,318. The company has a fifty day moving average price of $17.94 and a two-hundred day moving average price of $15.29. Sims Metal Management has a 52-week low of $8.16 and a 52-week high of $21.35.
Wall Street Analysts Forecast Growth
SMSMY has been the topic of several recent research reports. Jefferies Financial Group raised shares of Sims Metal Management from a “moderate sell” rating to a “hold” rating in a report on Wednesday, June 17th. Royal Bank Of Canada raised Sims Metal Management from a “hold” rating to a “moderate buy” rating in a report on Wednesday, March 18th. Finally, Zacks Research upgraded Sims Metal Management from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Sims Metal Management Company Profile
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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