Sims Limited (OTCMKTS:SMSMY) Sees Significant Drop in Short Interest

Sims Limited (OTCMKTS:SMSMY) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 1,200 shares, a decrease of 33.3% from the November 15th total of 1,800 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is presently 0.5 days.

Sims Stock Performance

SMSMY traded down $0.40 during trading hours on Friday, reaching $8.07. 347 shares of the stock traded hands, compared to its average volume of 1,227. Sims has a fifty-two week low of $6.34 and a fifty-two week high of $10.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.48 and a quick ratio of 1.06. The firm’s fifty day simple moving average is $8.48 and its two-hundred day simple moving average is $7.56.

Sims Company Profile

Sims Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals in Australia, Bangladesh, China, Turkey, the United States, and internationally. The company operates through six segments: North America Metals, Investment in SA Recycling, Australia/New Zealand Metals, UK Metals, Global Trading, and Sims Lifecycle Services.