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

Sims Metal Management Ltd. (OTCMKTS:SMSMY) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 1,212 shares, a drop of 66.3% from the January 29th total of 3,601 shares. Based on an average daily trading volume, of 9,888 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 9,888 shares, the days-to-cover ratio is presently 0.1 days.

Sims Metal Management Stock Performance

Shares of SMSMY stock opened at $15.76 on Thursday. Sims Metal Management has a fifty-two week low of $7.30 and a fifty-two week high of $16.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.66. The stock’s 50-day simple moving average is $13.60 and its 200-day simple moving average is $11.09.

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.