Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,399 shares, an increase of 196.5% from the July 15th total of 809 shares. Based on an average daily volume of 4,583 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short.
Sims Metal Management Trading Up 0.1%
SMSMY stock traded up $0.02 during mid-day trading on Thursday, reaching $19.00. 292 shares of the company traded hands, compared to its average volume of 4,887. The company has a fifty day moving average price of $18.67 and a 200-day moving average price of $16.14. Sims Metal Management has a 52-week low of $8.16 and a 52-week high of $21.35. The company has a quick ratio of 0.95, a current ratio of 1.51 and a debt-to-equity ratio of 0.17.
Analysts Set New Price Targets
A number of research analysts recently weighed in on SMSMY shares. Jefferies Financial Group upgraded shares of Sims Metal Management from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, June 17th. Zacks Research upgraded Sims Metal Management from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
About Sims Metal Management
Sims Metal Management, trading over-the-counter under the symbol SMSMY, is the global metal recycling division of Sims Limited. Established in the early 20th century, the company has grown into one of the world’s leading recyclers of ferrous and non-ferrous metals. It serves a diverse customer base, including steel mills, foundries, manufacturers and fabricators, by collecting, processing and trading scrap metal commodities.
The company’s core activities encompass the sourcing and processing of end-of-life metal products.
Featured Stories
- Five stocks we like better than Sims Metal Management
- Ryman Checks Into a $1.38B Hospitality Upgrade
- Axos Financial Keeps Proving the Digital Banking Model Works
- SpaceX’s First Earnings Report Only Made Wall Street More Divided
- Plug Power Charges Ahead: Margin Expansion Sparks a Rally
Receive News & Ratings for Sims Metal Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sims Metal Management and related companies with MarketBeat.com's FREE daily email newsletter.
