Short Interest in IBC Advanced Alloys Corp. (OTCMKTS:IAALF) Rises By 292.5%

IBC Advanced Alloys Corp. (OTCMKTS:IAALF) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 175,676 shares, an increase of 292.5% from the November 30th total of 44,756 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 339,686 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 339,686 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

IBC Advanced Alloys Stock Up 3.9%

Shares of IBC Advanced Alloys stock traded up $0.01 during trading on Friday, reaching $0.17. The stock had a trading volume of 4,000 shares, compared to its average volume of 69,071. The company has a current ratio of 0.62, a quick ratio of 0.17 and a debt-to-equity ratio of 2.78. The company has a market capitalization of $19.30 million, a price-to-earnings ratio of -5.58 and a beta of 1.29. The stock has a fifty day moving average price of $0.14 and a two-hundred day moving average price of $0.08. IBC Advanced Alloys has a 52 week low of $0.03 and a 52 week high of $0.19.

IBC Advanced Alloys (OTCMKTS:IAALF) last announced its earnings results on Monday, December 1st. The company reported ($0.01) earnings per share (EPS) for the quarter. IBC Advanced Alloys had a negative net margin of 17.02% and a negative return on equity of 95.16%. The firm had revenue of $4.17 million during the quarter.

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.