Ihi Corp (OTCMKTS:IHICY) Shares Shorted: Short Interest Up 338.5% in September

Ihi Corp (OTCMKTS:IHICY) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 102,357 shares, an increase of 338.5% from the September 15th total of 23,340 shares. Based on an average daily volume of 121,063 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the company’s shares are sold short.

IHI Trading Up 1.9%

Shares of OTCMKTS:IHICY traded up $0.30 during midday trading on Friday, reaching $16.64. The company had a trading volume of 58,070 shares, compared to its average volume of 64,975. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.26. IHI has a 1-year low of $14.63 and a 1-year high of $30.47. The firm has a market cap of $18.02 billion, a price-to-earnings ratio of 16.16 and a beta of 0.68. The company has a fifty day simple moving average of $17.41 and a two-hundred day simple moving average of $17.90.

IHI (OTCMKTS:IHICY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.32 earnings per share for the quarter. The company had revenue of $2.35 billion during the quarter.

IHI Company Profile

IHI Corporation is a Japan-based heavy-industry and engineering company that develops and delivers infrastructure, machinery, transportation systems and aerospace products. Founded in 1853 as Ishikawajima Shipyard, the company has evolved from shipbuilding into a diversified engineering group serving customers in Japan and international markets.

The company’s business activities include energy and environmental systems, industrial machinery, social infrastructure and logistics equipment.