Sims Metal Management Ltd. (OTCMKTS:SMSMY) Short Interest Down 35.0% in February

Sims Metal Management Ltd. (OTCMKTS:SMSMY) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 788 shares, a decline of 35.0% from the February 12th total of 1,212 shares. Based on an average daily volume of 3,160 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 3,160 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded Sims Metal Management from a “strong sell” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sims Metal Management presently has an average rating of “Hold”.

Sims Metal Management Stock Performance

Shares of SMSMY opened at $12.73 on Friday. Sims Metal Management has a 1 year low of $7.30 and a 1 year high of $16.95. The company’s 50 day simple moving average is $14.03 and its 200 day simple moving average is $11.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.66 and a quick ratio of 1.13.

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.