Sims Limited (OTCMKTS:SMSMY) Sees Significant Decrease in Short Interest

Sims Limited (OTCMKTS:SMSMY) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 400 shares, a drop of 55.6% from the March 15th total of 900 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,200 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered Sims from a “hold” rating to a “strong sell” rating in a research note on Friday, April 4th.

Sims Stock Down 0.2 %

Shares of SMSMY stock opened at $8.68 on Wednesday. Sims has a fifty-two week low of $6.34 and a fifty-two week high of $10.19. The firm’s 50 day moving average price is $8.88 and its two-hundred day moving average price is $8.46. The company has a quick ratio of 1.06, a current ratio of 1.48 and a debt-to-equity ratio of 0.20.

Sims Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $0.0633 dividend. This is an increase from Sims’s previous dividend of $0.06. The ex-dividend date was Friday, March 7th.

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.