Sims Limited (OTCMKTS:SMSMY) Sees Significant Decrease in Short Interest

Sims Limited (OTCMKTS:SMSMY - Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 400 shares, a decrease of 55.6% from the March 15th total of 900 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,200 shares, the days-to-cover ratio is presently 0.3 days.

Sims Price Performance

Shares of SMSMY stock remained flat at $8.23 during trading hours on Monday. The stock had a trading volume of 27 shares, compared to its average volume of 1,303. Sims has a 12 month low of $6.34 and a 12 month high of $10.19. The company has a 50 day moving average price of $8.84 and a 200-day moving average price of $8.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.48.

Sims Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a $0.0633 dividend. This is a boost from Sims's previous dividend of $0.06. The ex-dividend date was Friday, March 7th.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Sims from a "hold" rating to a "strong sell" rating in a report on Friday, April 4th.

About Sims

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.