Sims Metal Management Ltd. (OTCMKTS:SMSMY) Short Interest Down 50.0% in September

Key Points

• Sims Metal Management Ltd. experienced a significant 50% decrease in short interest in September, dropping from 200 shares to just 100 shares.
• The company announced a dividend payment of $0.0688 per share, scheduled for October 27th, with a yield of 134% based on current metrics.
• Wall Street analysts have lowered their outlook on Sims Metal Management, giving it an average rating of "Sell" and changing a previous "buy" rating to "hold."

Sims Metal Management Ltd. (OTCMKTS:SMSMY - Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 100 shares, a decrease of 50.0% from the August 31st total of 200 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 500 shares, the short-interest ratio is presently 0.2 days.

Sims Metal Management Trading Down 1.0%

Shares of SMSMY opened at $8.80 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.66 and a quick ratio of 1.13. The firm has a fifty day simple moving average of $9.46 and a two-hundred day simple moving average of $9.61. Sims Metal Management has a twelve month low of $6.84 and a twelve month high of $11.85.

Sims Metal Management Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, October 27th. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.0688 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a yield of 134.0%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Sims Metal Management from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sims Metal Management currently has an average rating of "Sell".

About Sims Metal Management

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.

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