IKONICS Co. (NASDAQ:IKNX) Short Interest Down 16.7% in October

IKONICS Co. (NASDAQ:IKNX) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 500 shares, a drop of 16.7% from the September 30th total of 600 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is currently 0.4 days.

IKNX stock traded down $0.25 on Friday, reaching $5.56. The company’s stock had a trading volume of 1,800 shares, compared to its average volume of 301. IKONICS has a 12-month low of $5.50 and a 12-month high of $10.33. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.77 and a current ratio of 4.25. The business has a fifty day simple moving average of $6.07 and a two-hundred day simple moving average of $6.81.

IKONICS Company Profile

IKONICS Corporation develops, manufactures, and sells photosensitive liquids and films for screen printing, awards and recognition, and dye sublimation markets worldwide. It operates through five segments: Domestic, Export, IKONICS Imaging, Digital Texturing Technology, and Advanced Material Solutions.

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