IBC Advanced Alloys Corp. (OTCMKTS:IAALF) Short Interest Up 104.9% in May

IBC Advanced Alloys Corp. (OTCMKTS:IAALF) was the recipient of a significant growth in short interest in 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. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 53,872 shares, the days-to-cover ratio is presently 2.3 days.

IBC Advanced Alloys Stock Down 3.9%

IAALF traded down $0.00 on Friday, reaching $0.12. The company’s stock had a trading volume of 192,450 shares, compared to its average volume of 22,354. The stock has a 50 day moving average of $0.14 and a two-hundred day moving average of $0.14. The company has a quick ratio of 0.21, a current ratio of 0.65 and a debt-to-equity ratio of 4.13. The company has a market capitalization of $13.51 million, a price-to-earnings ratio of -5.86 and a beta of 1.10. IBC Advanced Alloys has a fifty-two week low of $0.03 and a fifty-two week high of $0.19.

IBC Advanced Alloys (OTCMKTS:IAALF) last announced its quarterly earnings results on Friday, May 29th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business 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.