Ihi Corp (OTCMKTS:IHICY) Sees Large Decline in Short Interest

Ihi Corp (OTCMKTS:IHICY) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 4,726 shares, a drop of 68.2% from the November 30th total of 14,859 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 62,511 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 62,511 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

IHI Stock Performance

OTCMKTS IHICY traded up $0.09 during trading hours on Friday, hitting $18.10. The company’s stock had a trading volume of 18,354 shares, compared to its average volume of 31,543. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.15 and a quick ratio of 0.71. The company has a market cap of $19.60 billion, a P/E ratio of 27.31 and a beta of 0.75. The company’s 50 day simple moving average is $19.14 and its two-hundred day simple moving average is $23.89. IHI has a 12 month low of $6.78 and a 12 month high of $23.32.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut shares of IHI from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

IHI Company Profile

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.