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

IBC Advanced Alloys Corp. (OTCMKTS:IAALF) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 21,793 shares, a decrease of 52.9% from the February 26th total of 46,248 shares. Based on an average daily trading volume, of 79,752 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

IBC Advanced Alloys Price Performance

Shares of IAALF remained flat at $0.14 during mid-day trading on Thursday. The stock had a trading volume of 107,500 shares, compared to its average volume of 35,318. IBC Advanced Alloys has a one year low of $0.03 and a one year high of $0.19. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.17 and a current ratio of 0.62. The stock has a market capitalization of $15.90 million, a P/E ratio of -6.90 and a beta of 1.27. The company’s fifty day moving average price is $0.15 and its two-hundred day moving average price is $0.13.

IBC Advanced Alloys Company Profile

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.