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

IBC Advanced Alloys Corp. (OTCMKTS:IAALF) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 122,192 shares, a growth 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 daily trading volume, of 53,872 shares, the short-interest ratio is currently 2.3 days.

IBC Advanced Alloys Stock Down 3.9%

Shares of OTCMKTS IAALF traded down $0.00 during mid-day trading on Friday, reaching $0.12. The company had a trading volume of 192,450 shares, compared to its average volume of 22,354. The company has a current ratio of 0.65, a quick ratio of 0.21 and a debt-to-equity ratio of 4.13. The firm has a 50 day simple moving average of $0.14 and a two-hundred day simple moving average of $0.14. The stock has a market cap of $13.51 million, a P/E ratio of -5.86 and a beta of 1.10. IBC Advanced Alloys has a 52-week low of $0.03 and a 52-week high of $0.19.

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

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.