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

Sims Metal Management Ltd. (OTCMKTS:SMSMY) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 2,399 shares, a growth of 196.5% from the July 15th total of 809 shares. Based on an average trading volume of 4,583 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Zacks Research upgraded Sims Metal Management from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Jefferies Financial Group upgraded Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Sims Metal Management Price Performance

OTCMKTS:SMSMY opened at $19.00 on Friday. Sims Metal Management has a 1-year low of $8.16 and a 1-year high of $21.35. The company has a 50-day moving average of $18.64 and a 200 day moving average of $16.20. The company has a quick ratio of 0.95, a current ratio of 1.51 and a debt-to-equity ratio of 0.17.

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.