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) saw a significant increase in short interest during the month of 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 company are short sold. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 1.3 days. Currently,0.0% of the shares of the company are short sold.

Sims Metal Management Stock Performance

Shares of SMSMY traded down $0.03 during mid-day trading on Thursday, hitting $9.36. 5,580 shares of the company's stock were exchanged, compared to its average volume of 665. Sims Metal Management has a fifty-two week low of $6.48 and a fifty-two week high of $11.85. The business's 50 day moving average is $10.29 and its two-hundred day moving average is $9.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.55 and a quick ratio of 0.99.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Sims Metal Management from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently 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.