Short Interest in Sims Limited (OTCMKTS:SMSMY) Rises By 66.7%

Sims Limited (OTCMKTS:SMSMY) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,000 shares, an increase of 66.7% from the September 15th total of 600 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is currently 1.0 days.

Sims Stock Performance

Sims stock remained flat at $8.00 during mid-day trading on Monday. 10 shares of the company traded hands, compared to its average volume of 1,120. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.48. Sims has a one year low of $6.34 and a one year high of $10.20. The company has a 50 day moving average of $7.37 and a 200 day moving average of $7.30.

Sims Cuts Dividend

The firm also recently disclosed 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.

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.