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

Sims Limited (OTCMKTS:SMSMY - Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 900 shares, a drop of 30.8% from the February 28th total of 1,300 shares. Based on an average trading volume of 1,900 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company's shares are short sold.

Sims Stock Down 3.3 %

Shares of Sims stock traded down $0.31 during trading on Thursday, hitting $9.31. 152 shares of the company's stock were exchanged, compared to its average volume of 1,199. The company has a current ratio of 1.48, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $8.90 and a 200-day simple moving average of $8.44. Sims has a 52-week low of $6.34 and a 52-week high of $10.19.

Sims Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $0.0633 per share. This is a boost from Sims's previous dividend of $0.06. The ex-dividend date of this dividend was Friday, March 7th.

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.