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

Key Points

• IHI Corp experienced a significant increase in short interest, reaching a total of 5,000 shares in September, which represents a 100% rise from the previous month.
• The company's stock price is currently $17.50, with a market capitalization of $18.54 billion and a price-to-earnings ratio of 26.40.
• IHI reported earnings per share (EPS) of $0.13 in its latest quarterly results, falling short of analysts' expectations of $0.20.

IHI CORP (OTCMKTS:IHICY - Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 5,000 shares, an increase of 100.0% from the August 31st total of 2,500 shares. Based on an average daily trading volume, of 19,300 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 19,300 shares, the short-interest ratio is currently 0.3 days.

IHI Price Performance

Shares of IHICY traded up $0.27 during mid-day trading on Friday, hitting $17.50. The company's stock had a trading volume of 2,808 shares, compared to its average volume of 8,016. The firm has a 50-day moving average price of $27.51 and a 200 day moving average price of $24.42. The stock has a market capitalization of $18.54 billion, a price-to-earnings ratio of 26.40 and a beta of 0.77. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.15 and a quick ratio of 0.71. IHI has a fifty-two week low of $6.51 and a fifty-two week high of $18.66.

IHI (OTCMKTS:IHICY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07). IHI had a return on equity of 21.69% and a net margin of 6.50%.

About IHI

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.

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