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

Sims Limited (OTCMKTS:SMSMY) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 1,900 shares, a growth of 58.3% from the November 30th total of 1,200 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 2.1 days.

Sims Price Performance

OTCMKTS SMSMY opened at $7.36 on Monday. The stock’s 50 day simple moving average is $8.29 and its 200 day simple moving average is $7.59. Sims has a one year low of $6.34 and a one year high of $10.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.48.

About Sims

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.