Short Interest in Sims Metal Management Ltd. (OTCMKTS:SMSMY) Expands By 449,600.0%

Sims Metal Management Ltd. (OTCMKTS:SMSMY) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 4,497 shares, an increase of 449,600.0% from the December 15th total of 1 shares. Based on an average trading volume of 17,635 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 17,635 shares, the short-interest ratio is presently 0.3 days.

Sims Metal Management Price Performance

Shares of Sims Metal Management stock opened at $12.94 on Wednesday. Sims Metal Management has a twelve month low of $7.30 and a twelve month high of $13.00. The company has a quick ratio of 1.13, a current ratio of 1.66 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average price of $11.39 and a 200 day moving average price of $10.28.

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.