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

Sims Metal Management Ltd. (OTCMKTS:SMSMY) saw a significant 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 daily volume of 17,635 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 17,635 shares, the short-interest ratio is presently 0.3 days.

Sims Metal Management Price Performance

Sims Metal Management stock traded up $0.40 during mid-day trading on Monday, reaching $12.90. The company’s stock had a trading volume of 24,114 shares, compared to its average volume of 10,128. Sims Metal Management has a 12-month low of $7.30 and a 12-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 firm’s fifty day moving average price is $11.29 and its two-hundred day moving average price is $10.24.

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.