Short Interest in Sims Limited (OTCMKTS:SMSMY) Declines By 25.0%

Sims Limited (OTCMKTS:SMSMY - Get Free Report) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 600 shares, a decline of 25.0% from the April 30th total of 800 shares. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 1,700 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

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

Sims Price Performance

Shares of SMSMY stock traded up $0.15 during trading hours on Thursday, hitting $10.14. 1,101 shares of the company were exchanged, compared to its average volume of 2,144. The firm has a fifty day simple moving average of $9.24 and a 200 day simple moving average of $8.73. The company has a current ratio of 1.48, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. Sims has a 52-week low of $6.34 and a 52-week high of $10.39.

Sims 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.