Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 1 shares, a decline of 100.0% from the November 30th total of 4,141 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,681 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 1,681 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.
Sims Metal Management Stock Down 3.3%
Sims Metal Management stock traded down $0.43 during midday trading on Wednesday, reaching $12.45. 1,727 shares of the company traded hands, compared to its average volume of 2,425. The company has a quick ratio of 1.13, a current ratio of 1.66 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $10.56 and a two-hundred day moving average of $10.03. Sims Metal Management has a 12 month low of $7.01 and a 12 month high of $12.88.
Sims Metal Management Announces Dividend
The company also recently announced a dividend, which was paid on Monday, October 27th. Shareholders of record on Thursday, October 2nd were issued a $0.0688 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a yield of 134.0%.
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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