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

Ihi Corp (OTCMKTS:IHICY) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 39,303 shares, a drop of 64.7% from the July 15th total of 111,430 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 215,924 shares, the short-interest ratio is presently 0.2 days.

IHI Trading Up 1.1%

IHICY stock traded up $0.20 during midday trading on Friday, reaching $18.93. The stock had a trading volume of 12,088 shares, compared to its average volume of 109,962. IHI has a twelve month low of $12.79 and a twelve month high of $30.47. The business has a fifty day simple moving average of $17.13 and a two-hundred day simple moving average of $20.17. The company has a quick ratio of 0.81, a current ratio of 1.23 and a debt-to-equity ratio of 0.54. The firm has a market cap of $20.49 billion, a price-to-earnings ratio of 18.37 and a beta of 0.65.

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

About IHI

IHI Corporation (OTCMKTS: IHICY) is a Japanese engineering and industrial conglomerate originally known as Ishikawajima‑Harima Heavy Industries. Headquartered in Tokyo, the company designs, manufactures and services a broad range of heavy machinery, equipment and integrated systems for industrial and infrastructure markets. Its securities are available to international investors through American depositary receipts that trade over the counter under the symbol IHICY.

IHI’s principal activities span several sectors, including aerospace, energy and industrial machinery.