Ihi Corp (OTCMKTS:IHICY) Short Interest Up 13,663.0% in April

Ihi Corp (OTCMKTS:IHICY) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 631,033 shares, a growth of 13,663.0% from the April 15th total of 4,585 shares. Based on an average trading volume of 362,348 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of IHI from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, IHI currently has a consensus rating of “Hold”.

IHI Price Performance

OTCMKTS IHICY opened at $17.77 on Wednesday. The stock’s 50-day moving average price is $21.42 and its two-hundred day moving average price is $21.30. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 0.62. The company has a market cap of $19.24 billion, a PE ratio of 25.39 and a beta of 0.66. IHI has a 1 year low of $12.77 and a 1 year high of $30.47.

IHI (OTCMKTS:IHICY) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $2.70 billion for the quarter.

IHI Company Profile

IHI Corporation (OTCMKTS: IHICY) is a Japanese engineering and industrial conglomerate originally known as Ishikawajima‑Harima Heavy Industries. Headquartered in Tokyo, the company designs, manufactures and services a broad range of heavy machinery, equipment and integrated systems for industrial and infrastructure markets. Its securities are available to international investors through American depositary receipts that trade over the counter under the symbol IHICY.

IHI’s principal activities span several sectors, including aerospace, energy and industrial machinery.