Ihi Corp (OTCMKTS:IHICY) Sees Significant Increase in Short Interest

Ihi Corp (OTCMKTS:IHICY) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 15,703 shares, a growth of 3,171.5% from the May 14th total of 480 shares. Based on an average daily volume of 198,535 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research upgraded IHI from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

IHI Stock Down 4.2%

Shares of IHICY traded down $0.67 on Tuesday, hitting $15.20. The company’s stock had a trading volume of 213,171 shares, compared to its average volume of 101,784. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average price is $18.57 and its 200-day moving average price is $20.83. IHI has a fifty-two week low of $12.79 and a fifty-two week high of $30.47. The firm has a market capitalization of $16.46 billion, a price-to-earnings ratio of 23.94 and a beta of 0.62.

IHI (OTCMKTS:IHICY) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.46 earnings per share (EPS) for the quarter. The business had revenue of $3.28 billion during 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.