Iochpe-Maxion SA (OTCMKTS:IOCJY) Sees Significant Growth in Short Interest

Iochpe-Maxion SA (OTCMKTS:IOCJY) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 510 shares, an increase of 5,000.0% from the June 15th total of 10 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 100 shares, the short-interest ratio is presently 5.1 days.

Iochpe-Maxion Stock Performance

IOCJY remained flat at $0.54 during mid-day trading on Friday. The firm’s fifty day moving average price is $0.56 and its 200 day moving average price is $0.57. The stock has a market cap of $249.49 million, a P/E ratio of 18.04 and a beta of 0.64. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.78 and a quick ratio of 1.07. Iochpe-Maxion has a twelve month low of $0.53 and a twelve month high of $0.95.

About Iochpe-Maxion

Iochpe-Maxion SA (OTCMKTS:IOCJY) is a global supplier of automotive wheels and structural components, serving major original equipment manufacturers in the passenger, light truck and commercial vehicle segments. The company’s expertise spans the design, engineering and production of both steel and aluminum wheels, as well as complex chassis and body structural assemblies.

Operations are organized into two primary divisions: Maxion Wheels and Maxion Structural Components. The wheels segment produces a broad range of products including stamped and forged steel wheels and aluminum cast wheels for cars, SUVs, light trucks, commercial trucks and trailers.