Sims Metal Management Ltd. (OTCMKTS:SMSMY) Sees Significant Increase in Short Interest

Posted by Latisha Jones on Jun 25th, 2026

Sims Metal Management Ltd. (OTCMKTS:SMSMY – Get Free Report) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 2,477 shares, an increase of 2,281.7% from the May 31st total of 104 shares. Based on an average daily trading volume, of 7,967 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group upgraded Sims Metal Management from a “moderate sell” rating to a “hold” rating in a report on Wednesday, June 17th. Royal Bank Of Canada upgraded Sims Metal Management from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, March 18th. 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. Finally, Zacks Research upgraded shares of Sims Metal Management from a “strong sell” rating to a “hold” rating in a research report on Monday. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Check Out Our Latest Research Report on SMSMY

Sims Metal Management Stock Performance

Shares of OTCMKTS SMSMY traded up $1.47 during midday trading on Thursday, hitting $19.52. 338 shares of the company’s stock were exchanged, compared to its average volume of 3,504. Sims Metal Management has a twelve month low of $8.16 and a twelve month high of $21.35. The stock’s 50 day moving average price is $17.03 and its 200-day moving average price is $14.78.

About Sims Metal Management

(Get Free Report)

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.