IBC Advanced Alloys Corp. (OTCMKTS:IAALF) Short Interest Update

IBC Advanced Alloys Corp. (OTCMKTS:IAALF) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 41,427 shares, an increase of 8,733.0% from the July 30th total of 469 shares. Based on an average trading volume of 38,433 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.0% of the company’s shares are short sold.

IBC Advanced Alloys Trading Down 5.9%

Shares of IAALF traded down $0.01 during mid-day trading on Tuesday, hitting $0.13. The company had a trading volume of 16,331 shares, compared to its average volume of 50,756. IBC Advanced Alloys has a 1-year low of $0.04 and a 1-year high of $0.19. The business’s 50-day simple moving average is $0.12 and its 200-day simple moving average is $0.14. The stock has a market cap of $14.67 million, a PE ratio of -6.35 and a beta of 1.11. The company has a quick ratio of 0.23, a current ratio of 0.69 and a debt-to-equity ratio of 7.81.

IBC Advanced Alloys (OTCMKTS:IAALF) last announced its quarterly earnings results on Friday, May 29th. The company reported ($0.01) earnings per share for the quarter. The company 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 110.06%.

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.