Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 104 shares, an increase of 10,300.0% from the May 14th total of 1 shares. Based on an average daily volume of 4,681 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.
Wall Street Analyst Weigh In
SMSMY has been the topic of several recent research reports. Zacks Research lowered shares of Sims Metal Management from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Royal Bank Of Canada upgraded 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 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 MarketBeat, Sims Metal Management presently has a consensus rating of “Hold”.
View Our Latest Analysis on Sims Metal Management
Sims Metal Management Price Performance
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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