Sims Metal Management Ltd. (OTCMKTS:SMSMY) Sees Significant Decline in Short Interest

Sims Metal Management Ltd. (OTCMKTS:SMSMY) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 855 shares, a decline of 81.0% from the December 31st total of 4,497 shares. Based on an average trading volume of 16,705 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 16,705 shares, the days-to-cover ratio is currently 0.1 days.

Sims Metal Management Price Performance

Shares of SMSMY traded up $0.37 during mid-day trading on Tuesday, reaching $14.25. The stock had a trading volume of 6,163 shares, compared to its average volume of 5,081. The business’s fifty day moving average is $12.06 and its 200 day moving average is $10.50. The company has a current ratio of 1.66, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20. Sims Metal Management has a 52-week low of $7.30 and a 52-week high of $14.45.

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.