Iochpe-Maxion SA (OTCMKTS:IOCJY) Sees Large Increase in Short Interest

Iochpe-Maxion SA (OTCMKTS:IOCJY) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 510 shares, a growth of 5,000.0% from the June 15th total of 10 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 5.1 days. Currently, 0.0% of the shares of the company are sold short.

Iochpe-Maxion Price Performance

IOCJY remained flat at $0.54 during trading hours on Friday. The company had a trading volume of 750 shares, compared to its average volume of 108. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.07 and a current ratio of 1.78. The stock has a market capitalization of $249.49 million, a PE ratio of 18.03 and a beta of 0.64. Iochpe-Maxion has a 52 week low of $0.53 and a 52 week high of $0.95. The firm’s 50-day simple moving average is $0.56 and its two-hundred day simple moving average is $0.57.

About Iochpe-Maxion

Iochpe-Maxion SA (OTCMKTS:IOCJY) is a global supplier of automotive wheels and structural components, serving major original equipment manufacturers in the passenger, light truck and commercial vehicle segments. The company’s expertise spans the design, engineering and production of both steel and aluminum wheels, as well as complex chassis and body structural assemblies.

Operations are organized into two primary divisions: Maxion Wheels and Maxion Structural Components. The wheels segment produces a broad range of products including stamped and forged steel wheels and aluminum cast wheels for cars, SUVs, light trucks, commercial trucks and trailers.