Sims Metal Management Ltd. (OTCMKTS:SMSMY) Short Interest Update

Sims Metal Management Ltd. (OTCMKTS:SMSMY) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 3,601 shares, an increase of 321.2% from the January 15th total of 855 shares. Based on an average daily volume of 6,624 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 6,624 shares, the days-to-cover ratio is currently 0.5 days.

Sims Metal Management Stock Performance

Sims Metal Management stock opened at $14.60 on Wednesday. Sims Metal Management has a 1 year low of $7.30 and a 1 year high of $15.40. The firm’s 50 day moving average price is $12.84 and its two-hundred day moving average price is $10.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.66.

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.