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

Sims Limited (OTCMKTS:SMSMY) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 600 shares, a decline of 40.0% from the August 31st total of 1,000 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is presently 1.0 days.

Sims Trading Down 3.6 %

SMSMY stock traded down $0.30 during mid-day trading on Friday, hitting $8.15. 818 shares of the stock were exchanged, compared to its average volume of 1,128. The business has a fifty day moving average price of $7.06 and a 200 day moving average price of $7.30. Sims has a 12 month low of $6.34 and a 12 month high of $10.20. The company has a current ratio of 1.48, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20.

Sims Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, October 28th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.0589 per share. The ex-dividend date is Wednesday, October 2nd.

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.