Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 291 shares, a decline of 87.9% from the July 30th total of 2,399 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,401 shares, the short-interest ratio is presently 0.2 days.
Sims Metal Management Price Performance
SMSMY remained flat at $17.25 during trading on Thursday. 319 shares of the company’s stock traded hands, compared to its average volume of 2,678. The business’s fifty day moving average is $18.18 and its 200 day moving average is $16.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.95. Sims Metal Management has a 1-year low of $8.16 and a 1-year high of $21.35.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on SMSMY shares. Zacks Research raised Sims Metal Management from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Jefferies Financial Group raised shares of Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, June 17th. One 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.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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