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

Ihi Corp (OTCMKTS:IHICY) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 8,584 shares, a drop of 91.6% from the September 30th total of 102,357 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 115,377 shares, the days-to-cover ratio is currently 0.1 days.

IHI Stock Performance

IHI stock opened at $15.45 on Tuesday. The stock’s 50 day moving average price is $17.01 and its 200 day moving average price is $19.46. The firm has a market capitalization of $16.73 billion, a PE ratio of 15.00 and a beta of 0.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.26. IHI has a one year low of $14.63 and a one year high of $30.47.

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

IHI Company Profile

IHI Corporation is a Japanese heavy-industry company that develops and manufactures equipment and systems for the aerospace, energy, industrial, and infrastructure markets. Its businesses include aircraft engines, rocket and space systems, energy-related equipment, industrial machinery, and infrastructure solutions.

The company serves customers in Japan and international markets through a range of products and services, including power-generation systems, environmental technologies, transportation and logistics equipment, bridges, and other large-scale infrastructure.