Industrial Services of America, Inc. (NASDAQ:IDSA) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 20,100 shares, a decrease of 11.8% from the September 30th total of 22,800 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 50,200 shares, the short-interest ratio is currently 0.4 days.
IDSA traded up $0.01 during trading on Friday, reaching $1.11. 46,000 shares of the company were exchanged, compared to its average volume of 40,585. The company’s 50-day moving average is $1.12 and its two-hundred day moving average is $1.11. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.75 and a current ratio of 1.22. Industrial Services of America has a 12-month low of $0.61 and a 12-month high of $1.83.
A hedge fund recently bought a new stake in Industrial Services of America stock. FNY Investment Advisers LLC purchased a new position in shares of Industrial Services of America, Inc. (NASDAQ:IDSA) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 65,254 shares of the industrial products company’s stock, valued at approximately $73,000. FNY Investment Advisers LLC owned about 0.80% of Industrial Services of America at the end of the most recent reporting period. 3.97% of the stock is owned by hedge funds and other institutional investors.
Industrial Services of America, Inc buys, processes, and markets ferrous and non-ferrous metals, and other recyclable commodities in the United States. The company processes scrap metal through its sorting, cutting, baling, and shredding operations. Its non-ferrous scrap recycling operations consist primarily of collecting, sorting, and processing various grades of copper, aluminum, and stainless steel and brass.
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