Short Interest in IBC Advanced Alloys Corp. (OTCMKTS:IAALF) Increases By 125.8%

IBC Advanced Alloys Corp. (OTCMKTS:IAALF) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 93,536 shares, a growth of 125.8% from the August 15th total of 41,427 shares. Based on an average daily trading volume, of 24,908 shares, the short-interest ratio is presently 3.8 days. Approximately 0.1% of the company’s stock are short sold.

IBC Advanced Alloys Stock Down 5.7%

IAALF stock opened at $0.13 on Wednesday. IBC Advanced Alloys has a fifty-two week low of $0.05 and a fifty-two week high of $0.19. The business’s 50 day moving average price is $0.13 and its two-hundred day moving average price is $0.13. The company has a debt-to-equity ratio of 7.81, a quick ratio of 0.23 and a current ratio of 0.69. The company has a market capitalization of $14.47 million, a price-to-earnings ratio of -6.26 and a beta of 1.10.

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.