IBC Advanced Alloys Corp. (OTCMKTS:IAALF) Sees Large Growth in Short Interest

IBC Advanced Alloys Corp. (OTCMKTS:IAALF) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 122,192 shares, an increase of 104.9% from the May 14th total of 59,621 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 53,872 shares, the short-interest ratio is presently 2.3 days.

IBC Advanced Alloys Stock Down 3.9%

Shares of OTCMKTS:IAALF traded down $0.00 during trading on Friday, hitting $0.12. The company’s stock had a trading volume of 192,450 shares, compared to its average volume of 22,354. The business has a 50 day moving average price of $0.14 and a two-hundred day moving average price of $0.14. The company has a market capitalization of $13.51 million, a PE ratio of -5.86 and a beta of 1.10. The company has a debt-to-equity ratio of 4.13, a quick ratio of 0.21 and a current ratio of 0.65. IBC Advanced Alloys has a fifty-two week low of $0.03 and a fifty-two week high of $0.19.

IBC Advanced Alloys (OTCMKTS:IAALF) last posted its quarterly earnings results on Friday, May 29th. The company reported ($0.01) EPS for the quarter. IBC Advanced Alloys had a negative return on equity of 93.25% and a negative net margin of 10.73%.The business had revenue of $4.77 million during the quarter.

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.