Short Interest in Sims Metal Management Ltd. (OTCMKTS:SMSMY) Decreases By 35.0%

Sims Metal Management Ltd. (OTCMKTS:SMSMY) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 788 shares, a decline of 35.0% from the February 12th total of 1,212 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,160 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 3,160 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sims Metal Management has a consensus rating of “Hold”.

Sims Metal Management Stock Performance

SMSMY stock opened at $13.01 on Friday. The company has a fifty day moving average price of $14.04 and a 200-day moving average price of $11.48. The company has a quick ratio of 1.13, a current ratio of 1.66 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 $16.95.

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.