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

IBC Advanced Alloys Corp. (OTCMKTS:IAALF) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 21,793 shares, a drop of 52.9% from the February 26th total of 46,248 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 79,752 shares, the short-interest ratio is currently 0.3 days.

IBC Advanced Alloys Stock Performance

IAALF remained flat at $0.14 during trading on Thursday. The company had a trading volume of 107,500 shares, compared to its average volume of 35,318. IBC Advanced Alloys has a 52-week low of $0.03 and a 52-week 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 business’s 50 day moving average price is $0.15 and its 200 day moving average price is $0.13. The firm has a market capitalization of $15.90 million, a PE ratio of -6.90 and a beta of 1.27.

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.