IHI Co. (OTCMKTS:IHICY) Sees Significant Growth in Short Interest

IHI Co. (OTCMKTS:IHICY) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 2,600 shares, an increase of 271.4% from the October 31st total of 700 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is presently 1.6 days.

IHI Trading Down 0.9 %

Shares of OTCMKTS IHICY traded down $0.11 during midday trading on Thursday, hitting $12.81. The stock had a trading volume of 642 shares, compared to its average volume of 2,180. IHI has a fifty-two week low of $4.42 and a fifty-two week high of $15.76. The company’s 50-day simple moving average is $13.37 and its 200 day simple moving average is $9.75. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.16 and a quick ratio of 0.72. The firm has a market cap of $7.93 billion, a P/E ratio of 10.68 and a beta of 0.22.

IHI Company Profile

IHI Corporation designs and builds engineering solutions in Japan and internationally. The company operates through four segments: Resources, Energy and Environment; Social Infrastructure; Industrial Systems and General-Purpose Machinery; and Aero Engine, Space and Defense. The company engages in the manufacturing, sale, and provision of services related to power systems plants for land use and power systems for chips; carbon solutions comprising boilers and storage facilities; components for nuclear power plants; bridges and water gates, transport systems, shield systems, and concrete construction materials; vehicular turbochargers, parking, heat treatment and surface engineering; transport machineries; logistics and industrial systems; and rotating machineries comprising compressors, separation systems, and turbochargers for ships.