Sims Metal Management Ltd. (OTCMKTS:SMSMY) Short Interest Down 81.0% in January

Sims Metal Management Ltd. (OTCMKTS:SMSMY) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 855 shares, a decline of 81.0% from the December 31st total of 4,497 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 16,705 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 16,705 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Sims Metal Management Stock Performance

SMSMY opened at $14.71 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.66 and a quick ratio of 1.13. The business’s fifty day simple moving average is $12.17 and its 200-day simple moving average is $10.53. Sims Metal Management has a 12-month low of $7.30 and a 12-month high of $15.27.

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.