Sims Metal Management Ltd. (OTCMKTS:SMSMY) Short Interest Up 150.0% in July

Key Points

• Sims Metal Management experienced a 150.0% increase in short interest in July, with total shares short rising from 1,000 to 2,500.
• Analysts have downgraded Sims Metal Management from a "buy" to a "hold" rating as of August 3rd.
• The company's stock trades at approximately $10.25 and has shown a 1-year range from $6.48 to $11.85.

Sims Metal Management Ltd. (OTCMKTS:SMSMY - Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 2,500 shares, anincreaseof150.0% from the July 15th total of 1,000 shares. Currently,0.0% of the shares of the stock are short sold. Based on an average daily volume of 2,000 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 2,000 shares, the short-interest ratio is presently 1.3 days. Currently,0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Sims Metal Management from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd.

Sims Metal Management Price Performance

SMSMY traded up $0.45 during trading on Friday, hitting $10.25. 293 shares of the company traded hands, compared to its average volume of 574. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.99 and a current ratio of 1.55. Sims Metal Management has a 1 year low of $6.48 and a 1 year high of $11.85. The stock's 50-day simple moving average is $10.31 and its two-hundred day simple moving average is $9.52.

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.

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