Sims Metal Management Ltd. (OTCMKTS:SMSMY) Sees Large Decrease in Short Interest

Sims Metal Management Ltd. (OTCMKTS:SMSMY) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 1,212 shares, a decrease of 66.3% from the January 29th total of 3,601 shares. Based on an average daily trading volume, of 9,888 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 9,888 shares, the days-to-cover ratio is currently 0.1 days.

Sims Metal Management Trading Up 4.3%

SMSMY opened at $15.76 on Thursday. The business has a fifty day moving average of $13.60 and a 200 day moving average of $11.09. Sims Metal Management has a 52-week low of $7.30 and a 52-week high of $16.00. 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.