IBC Advanced Alloys Corp. (OTCMKTS:IAALF) Short Interest Up 104.9% in May

IBC Advanced Alloys Corp. (OTCMKTS:IAALF) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 122,192 shares, an increase of 104.9% from the May 14th total of 59,621 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 53,872 shares, the days-to-cover ratio is currently 2.3 days.

IBC Advanced Alloys Price Performance

Shares of IAALF stock remained flat at $0.12 during trading on Monday. 192,450 shares of the stock were exchanged, compared to its average volume of 31,976. The firm’s 50 day moving average is $0.14 and its two-hundred day moving average is $0.14. The company has a current ratio of 0.65, a quick ratio of 0.21 and a debt-to-equity ratio of 4.13. The stock has a market capitalization of $13.51 million, a P/E ratio of -5.86 and a beta of 1.10. 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 posted its quarterly earnings results on Friday, May 29th. The company reported ($0.01) earnings per share (EPS) for the quarter. IBC Advanced Alloys had a negative return on equity of 93.25% and a negative net margin of 10.73%.The firm 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.