Sims Metal Management Ltd. (OTCMKTS:SMSMY) Short Interest Up 100.0% in August

Key Points

• Sims Metal Management Ltd. experienced a notable increase in short interest, rising by 100.0% in August, with a total of 200 shares shorted as of August 31st.
• The company's stock price remained unchanged at $9.17, with a trading volume significantly lower than its average, indicating limited trading activity.
• Wall Street analysts have downgraded Sims Metal Management’s stock from a "buy" rating to a "hold" rating, with an overall average rating of "Sell" from analysts.

Sims Metal Management Ltd. (OTCMKTS:SMSMY - Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 200 shares, a growth of 100.0% from the August 15th total of 100 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 4,900 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 4,900 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company's shares are short sold.

Sims Metal Management Stock Performance

SMSMY remained flat at $9.17 on Friday. The company had a trading volume of 30 shares, compared to its average volume of 1,416. The business has a fifty day simple moving average of $10.01 and a 200 day simple moving average of $9.62. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.20. Sims Metal Management has a 52-week low of $6.48 and a 52-week high of $11.85.

Wall Street Analysts Forecast Growth

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.