Short Interest in Sims Limited (OTCMKTS:SMSMY) Decreases By 40.8%

Sims Limited (OTCMKTS:SMSMY) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 2,900 shares, a decline of 40.8% from the June 30th total of 4,900 shares. Based on an average daily volume of 1,600 shares, the short-interest ratio is currently 1.8 days.

Sims Stock Performance

SMSMY stock remained flat at $6.44 during midday trading on Friday. 64 shares of the company’s stock were exchanged, compared to its average volume of 650. Sims has a twelve month low of $6.44 and a twelve month high of $10.25. The stock’s 50-day moving average is $6.97 and its 200-day moving average is $7.85.

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.