Sims Metal Management Ltd. (OTCMKTS:SMSMY) Sees Large Growth in Short Interest

Sims Metal Management Ltd. (OTCMKTS:SMSMY) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 3,198 shares, an increase of 180.0% from the September 30th total of 1,142 shares. Based on an average daily trading volume, of 2,057 shares, the short-interest ratio is currently 1.6 days. Approximately 0.0% of the company’s shares are sold short.

Sims Metal Management Trading Down 1.4%

SMSMY opened at $14.37 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.00 and a current ratio of 1.53. The business has a 50 day moving average of $16.42 and a 200-day moving average of $16.15. Sims Metal Management has a 52 week low of $9.15 and a 52 week high of $21.35.

Sims Metal Management Company Profile

Sims Metal Management, now operating as Sims Limited, is a global metal recycling company that collects, processes and markets ferrous and nonferrous scrap metal. Its materials are sourced from industrial, commercial, construction, demolition and end-of-life consumer products, then processed for reuse by steel mills, foundries and other manufacturers.

The company also provides electronics recycling and asset recovery services. These activities include the collection, dismantling and responsible processing of end-of-life computers, telecommunications equipment, appliances and other electronic products, with an emphasis on recovering usable metals and managing regulated materials.

Founded in Australia in 1917, the company has expanded into an international recycling business serving customers and suppliers across Australia and New Zealand, North America, the United Kingdom and Europe.