Ihi Corp (OTCMKTS:IHICY) Sees Large Drop in Short Interest

Ihi Corp (OTCMKTS:IHICY – Get Free Report) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 39,303 shares, a decline of 64.7% from the July 15th total of 111,430 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 215,924 shares, the short-interest ratio is currently 0.2 days.

IHI Stock Performance

IHICY stock traded up $0.20 during midday trading on Friday, hitting $18.93. The stock had a trading volume of 12,088 shares, compared to its average volume of 109,962. IHI has a 52 week low of $12.79 and a 52 week high of $30.47. The company has a current ratio of 1.23, a quick ratio of 0.81 and a debt-to-equity ratio of 0.54. The stock has a 50-day simple moving average of $17.13 and a 200 day simple moving average of $20.17. The firm has a market capitalization of $20.49 billion, a price-to-earnings ratio of 18.37 and a beta of 0.65.

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IHI (OTCMKTS:IHICY – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $2.35 billion during the quarter.

About IHI

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IHI Corporation (OTCMKTS: IHICY) is a Japanese engineering and industrial conglomerate originally known as Ishikawajima‑Harima Heavy Industries. Headquartered in Tokyo, the company designs, manufactures and services a broad range of heavy machinery, equipment and integrated systems for industrial and infrastructure markets. Its securities are available to international investors through American depositary receipts that trade over the counter under the symbol IHICY.

IHI’s principal activities span several sectors, including aerospace, energy and industrial machinery.

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