Short Interest in Sims Limited (OTCMKTS:SMSMY) Decreases By 18.2%

Sims Limited (OTCMKTS:SMSMY) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 900 shares, a drop of 18.2% from the January 31st total of 1,100 shares. Based on an average daily trading volume, of 800 shares, the short-interest ratio is currently 1.1 days.

Sims Price Performance

OTCMKTS SMSMY traded down $0.16 during trading on Wednesday, hitting $8.65. The stock had a trading volume of 617 shares, compared to its average volume of 1,421. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.48. The firm has a 50 day moving average price of $8.32 and a 200 day moving average price of $8.13. Sims has a twelve month low of $6.34 and a twelve month high of $9.16.

Sims Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $0.0633 dividend. The ex-dividend date is Friday, March 7th. This is a boost from Sims’s previous dividend of $0.06.

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.