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

Sims Metal Management Ltd. (OTCMKTS:SMSMY) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 104 shares, a growth of 10,300.0% from the May 14th total of 1 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 4,681 shares, the short-interest ratio is currently 0.0 days.

Sims Metal Management Stock Performance

Shares of OTCMKTS:SMSMY traded up $0.12 on Tuesday, reaching $19.38. The company’s stock had a trading volume of 1,911 shares, compared to its average volume of 5,709. Sims Metal Management has a 52-week low of $8.16 and a 52-week high of $21.35. The company has a 50-day simple moving average of $15.44 and a 200 day simple moving average of $14.00.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SMSMY shares. Zacks Research cut shares of Sims Metal Management from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group raised shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Royal Bank Of Canada raised shares of Sims Metal Management from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, March 18th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sims Metal Management has an average rating of “Hold”.

About Sims Metal Management

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.