Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1 shares, a decrease of 99.9% from the April 30th total of 794 shares. Based on an average daily trading volume, of 2,683 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
Sims Metal Management Trading Up 9.5%
Sims Metal Management stock traded up $1.65 during midday trading on Friday, reaching $19.10. 2,481 shares of the stock traded hands, compared to its average volume of 5,920. Sims Metal Management has a fifty-two week low of $8.16 and a fifty-two week high of $19.14. The firm has a fifty day moving average price of $14.65 and a two-hundred day moving average price of $13.47.
Analyst Ratings Changes
SMSMY has been the subject of a number of research reports. Zacks Research downgraded Sims Metal Management from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. 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, The Goldman Sachs Group upgraded Sims Metal Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 10th. One 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 stock. According to data from MarketBeat, Sims Metal Management presently 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.
Featured Articles
- Five stocks we like better than Sims Metal Management
- Marvell’s Pullback May Be the Setup Bulls Were Waiting For
- Flight Path to Profits: American Airlines Bets on SpaceX
- Wall Street Is Starting to Talk About Tesla’s Endgame
- Meta’s Manus Mess: Why China Blocked the Deal and What It Means
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.
