IBC Advanced Alloys Corp. (OTCMKTS:IAALF) Short Interest Down 71.4% in May

IBC Advanced Alloys Corp. (OTCMKTS:IAALF) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 59,621 shares, a decline of 71.4% from the April 30th total of 208,791 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 14,686 shares, the short-interest ratio is currently 4.1 days.

IBC Advanced Alloys Stock Performance

Shares of OTCMKTS IAALF opened at $0.14 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.65 and a debt-to-equity ratio of 4.13. The business has a fifty day simple moving average of $0.14 and a two-hundred day simple moving average of $0.14. The firm has a market cap of $15.79 million, a PE ratio of -6.85 and a beta of 1.16. IBC Advanced Alloys has a twelve month low of $0.03 and a twelve month high of $0.19.

IBC Advanced Alloys (OTCMKTS:IAALF) last released its quarterly earnings data on Friday, May 29th. The company reported ($0.01) earnings per share (EPS) for the quarter. IBC Advanced Alloys had a negative net margin of 10.84% and a negative return on equity of 76.63%. The business had revenue of $4.77 million for the quarter.

About IBC Advanced Alloys

IBC Advanced Alloys Corp. develops, produces, and sells specialty alloy products in the United States and internationally. The company operates through Copper Alloys and Engineered Materials segments. It offers various copper alloys as castings and forgings, such as beryllium copper, chrome copper, oxygen-free high conductivity copper, and aluminum bronze in the form of plates, blocks, rounds, discs, bars, rings, tubes, rods, and other custom forgings, as well as specialty copper alloy forgings for plastic mold tooling and resistance welding applications.