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

IBC Advanced Alloys Corp. (OTCMKTS:IAALF) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 469 shares, a decline of 99.5% from the July 15th total of 93,542 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 20,003 shares, the days-to-cover ratio is presently 0.0 days.

IBC Advanced Alloys Stock Up 3.7%

IBC Advanced Alloys stock traded up $0.01 during mid-day trading on Tuesday, hitting $0.14. The company had a trading volume of 25,002 shares, compared to its average volume of 18,500. IBC Advanced Alloys has a 12 month low of $0.03 and a 12 month high of $0.19. The company has a market capitalization of $16.18 million, a PE ratio of -7.00 and a beta of 1.11. The stock’s 50 day moving average price is $0.12 and its two-hundred day moving average price is $0.14. The company has a current ratio of 0.69, a quick ratio of 0.23 and a debt-to-equity ratio of 7.81.

IBC Advanced Alloys (OTCMKTS:IAALF) last issued its quarterly earnings results on Friday, May 29th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $4.77 million for 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.