Sims Metal Management Ltd. (OTCMKTS:SMSMY) Short Interest Up 10,300.0% in May

Sims Metal Management Ltd. (OTCMKTS:SMSMY) saw a significant increase in short interest in 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. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 4,681 shares, the short-interest ratio is presently 0.0 days.

Sims Metal Management Stock Up 0.6%

SMSMY traded up $0.12 during trading on Tuesday, hitting $19.38. The company’s stock had a trading volume of 1,911 shares, compared to its average volume of 5,709. The business’s 50 day simple moving average is $15.44 and its 200-day simple moving average is $14.00. Sims Metal Management has a one year low of $8.16 and a one year high of $21.35.

Wall Street Analysts Forecast Growth

SMSMY has been the topic of a number of research analyst reports. Zacks Research downgraded shares of Sims Metal Management from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Royal Bank Of Canada upgraded shares of Sims Metal Management from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, March 18th. Finally, The Goldman Sachs Group upgraded shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

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.