Ihi Corp (OTCMKTS:IHICY) Shares Shorted: Short Interest Up 783.9% in October

Ihi Corp (OTCMKTS:IHICY) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 75,878 shares, an increase of 783.9% from the October 15th total of 8,584 shares. Based on an average trading volume of 2,335,204 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

IHI Stock Down 1.1%

Shares of OTCMKTS:IHICY opened at $15.40 on Friday. IHI has a 1 year low of $14.41 and a 1 year high of $30.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 0.79. The business’s 50-day moving average is $16.47 and its 200-day moving average is $19.02. The company has a market capitalization of $16.68 billion, a price-to-earnings ratio of 13.54 and a beta of 0.75.

About IHI

IHI Corporation is a Japanese engineering and manufacturing company headquartered in Tokyo. Its history dates to the founding of Ishikawajima Shipyard in 1853. The company was formed through the 1960 merger of Ishikawajima Heavy Industries and Harima Shipbuilding & Engineering, and adopted the name IHI Corporation in 2007. IHI designs and supplies equipment and systems for energy and industrial applications, including boilers, turbines, compressors and machinery for plants. It also works on infrastructure such as bridges and other large structures, as well as transportation and industrial systems.