Sims Limited (OTCMKTS:SMSMY) Short Interest Update

Sims Limited (OTCMKTS:SMSMY) was the recipient of a significant decline in short interest in the month of 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 trading volume of 600 shares, the days-to-cover ratio is presently 1.0 days.

Sims Price Performance

OTCMKTS:SMSMY traded down $0.30 during mid-day trading on Friday, reaching $8.15. 818 shares of the company’s stock traded hands, compared to its average volume of 1,128. The company has a 50 day moving average price of $7.06 and a 200-day moving average price of $7.30. The company has a quick ratio of 1.06, a current ratio of 1.48 and a debt-to-equity ratio of 0.20. Sims has a 12-month low of $6.34 and a 12-month high of $10.20.

Sims Cuts Dividend

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

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.