Short Interest in Sims Metal Management Ltd. (OTCMKTS:SMSMY) Decreases By 50.0%

Sims Metal Management Ltd. (OTCMKTS:SMSMY - Get Free Report) saw a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 300 shares, a decrease of 50.0% from the May 15th total of 600 shares. Based on an average daily volume of 15,500 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Sims Metal Management Stock Performance

SMSMY traded up $0.40 on Wednesday, hitting $10.00. 1,025 shares of the company were exchanged, compared to its average volume of 2,141. Sims Metal Management has a 12 month low of $6.34 and a 12 month high of $10.39. The stock's fifty day moving average is $9.50 and its 200-day moving average is $8.83.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered shares of Sims Metal Management from a "hold" rating to a "strong sell" rating in a research note on Friday, April 4th.

Sims Metal Management 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.