Sims Metal Management Ltd. (OTCMKTS:SMSMY) Short Interest Update

Sims Metal Management Ltd. (OTCMKTS:SMSMY) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 1 shares, a drop of 99.9% from the April 30th total of 794 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,683 shares, the short-interest ratio is presently 0.0 days.

Sims Metal Management Price Performance

Shares of Sims Metal Management stock opened at $17.45 on Thursday. The firm has a 50 day simple moving average of $14.57 and a 200 day simple moving average of $13.42. Sims Metal Management has a fifty-two week low of $8.16 and a fifty-two week high of $17.75.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 10th. Royal Bank Of Canada raised shares of Sims Metal Management from a “hold” rating to a “moderate buy” rating in a report on Wednesday, March 18th. Finally, Zacks Research lowered shares of Sims Metal Management from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.