IBC Advanced Alloys Corp. (OTCMKTS:IAALF) Sees Significant Increase in Short Interest

IBC Advanced Alloys Corp. (OTCMKTS:IAALF) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 41,427 shares, a growth of 8,733.0% from the July 30th total of 469 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 38,433 shares, the short-interest ratio is currently 1.1 days.

IBC Advanced Alloys Stock Performance

OTCMKTS:IAALF opened at $0.13 on Wednesday. The stock’s fifty day moving average is $0.12 and its 200 day moving average is $0.14. IBC Advanced Alloys has a fifty-two week low of $0.04 and a fifty-two week high of $0.19. The firm has a market capitalization of $14.67 million, a PE ratio of -6.35 and a beta of 1.11. The company has a debt-to-equity ratio of 7.81, a quick ratio of 0.23 and a current ratio of 0.69.

IBC Advanced Alloys (OTCMKTS:IAALF) last announced its earnings results on Friday, May 29th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $4.77 million during the quarter. IBC Advanced Alloys had a negative net margin of 10.73% and a negative return on equity of 110.06%.

About IBC Advanced Alloys

IBC Advanced Alloys Corp. develops, produces, and sells specialty alloy products in the United States and internationally. The company operates through Copper Alloys and Engineered Materials segments. It offers various copper alloys as castings and forgings, such as beryllium copper, chrome copper, oxygen-free high conductivity copper, and aluminum bronze in the form of plates, blocks, rounds, discs, bars, rings, tubes, rods, and other custom forgings, as well as specialty copper alloy forgings for plastic mold tooling and resistance welding applications.