Ihi Corp (OTCMKTS:IHICY) Short Interest Down 99.9% in May

Ihi Corp (OTCMKTS:IHICY) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 480 shares, a drop of 99.9% from the April 30th total of 631,033 shares. Based on an average trading volume of 140,348 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

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

IHI Price Performance

Shares of IHICY traded down $0.88 during mid-day trading on Wednesday, reaching $17.70. The company had a trading volume of 103,115 shares, compared to its average volume of 138,238. IHI has a twelve month low of $12.79 and a twelve month high of $30.47. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.74. The company’s 50-day moving average is $19.75 and its 200-day moving average is $21.00. The company has a market capitalization of $19.16 billion, a P/E ratio of 19.03 and a beta of 0.66.

IHI (OTCMKTS:IHICY) last issued its earnings results on Thursday, May 14th. The company reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $3.28 billion during 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.