Ihi Corp (OTCMKTS:IHICY) Short Interest Down 99.9% in May

Ihi Corp (OTCMKTS:IHICY) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 480 shares, a decrease of 99.9% from the April 30th total of 631,033 shares. Based on an average daily trading volume, of 140,348 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised IHI from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, IHI presently has a consensus rating of “Hold”.

IHI Price Performance

IHICY stock traded down $0.88 during midday trading on Wednesday, reaching $17.70. 103,115 shares of the company’s stock traded hands, compared to its average volume of 138,238. The company has a 50-day simple moving average of $19.75 and a two-hundred day simple moving average of $21.00. IHI has a 1-year low of $12.79 and a 1-year high of $30.47. The company has a market cap of $19.16 billion, a price-to-earnings ratio of 19.03 and a beta of 0.66. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.62.

IHI (OTCMKTS:IHICY) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.46 earnings per share for the quarter. The business had revenue of $3.28 billion for the quarter.

About IHI

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.