Short Interest in Sims Limited (OTCMKTS:SMSMY) Drops By 30.8%

Sims Limited (OTCMKTS:SMSMY) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 900 shares, a drop of 30.8% from the February 28th total of 1,300 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,900 shares, the short-interest ratio is currently 0.5 days.

Sims Trading Down 1.9 %

Shares of OTCMKTS:SMSMY traded down $0.19 during trading hours on Monday, hitting $9.62. The company’s stock had a trading volume of 720 shares, compared to its average volume of 1,227. Sims has a 52 week low of $6.34 and a 52 week high of $10.19. The firm’s fifty day moving average price is $8.86 and its 200 day moving average price is $8.39. The company has a current ratio of 1.48, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20.

Sims Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $0.0633 per share. This is an increase from Sims’s previous dividend of $0.06. The ex-dividend date is Friday, March 7th.

Sims Company Profile

Sims Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals in Australia, Bangladesh, China, Turkey, the United States, and internationally. The company operates through six segments: North America Metals, Investment in SA Recycling, Australia/New Zealand Metals, UK Metals, Global Trading, and Sims Lifecycle Services.