Sims Metal Management Ltd. (OTCMKTS:SMSMY) Short Interest Up 132.0% in August

Sims Metal Management Ltd. (OTCMKTS:SMSMY) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 675 shares, a growth of 132.0% from the August 15th total of 291 shares. Based on an average daily trading volume, of 5,228 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Jefferies Financial Group raised shares of Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, June 17th. Zacks Research raised Sims Metal Management from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Sims Metal Management has a consensus rating of “Hold”.

Sims Metal Management Trading Up 3.8%

OTCMKTS:SMSMY opened at $17.70 on Tuesday. The company has a fifty day moving average of $17.77 and a 200-day moving average of $16.60. The company has a current ratio of 1.51, a quick ratio of 0.95 and a debt-to-equity ratio of 0.17. Sims Metal Management has a twelve month low of $8.16 and a twelve month high of $21.35.

Sims Metal Management Company Profile

Sims Metal Management, now known as Sims Limited, is a global metal recycling company headquartered in Sydney, Australia. The company collects, processes and trades recycled ferrous and non-ferrous metals, including steel, aluminum, copper and other recovered materials, which are supplied to manufacturers, steel mills and foundries.

Its operations include metal collection and processing, recycling of end-of-life vehicles and industrial equipment, and the recovery of metals from commercial, construction and demolition sources.