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

IBC Advanced Alloys Corp. (OTCMKTS:IAALF) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 41,427 shares, a growth of 8,733.0% from the July 30th total of 469 shares. Based on an average daily trading volume, of 38,433 shares, the short-interest ratio is presently 1.1 days. Approximately 0.0% of the shares of the stock are sold short.

IBC Advanced Alloys Price Performance

Shares of IAALF stock traded down $0.01 during trading hours on Tuesday, hitting $0.13. The company’s stock had a trading volume of 16,331 shares, compared to its average volume of 50,756. The business has a fifty day moving average of $0.12 and a 200-day moving average of $0.14. The stock has a market cap of $14.67 million, a price-to-earnings ratio of -6.35 and a beta of 1.11. IBC Advanced Alloys has a twelve month low of $0.04 and a twelve month high of $0.19. 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 posted its earnings results on Friday, May 29th. The company reported ($0.01) earnings per share (EPS) for the quarter. IBC Advanced Alloys had a negative net margin of 10.73% and a negative return on equity of 110.06%. The company had revenue of $4.77 million during the quarter.

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.