Short Interest in IHI CORP (OTCMKTS:IHICY) Drops By 82.0%

Key Points

• Short interest in IHI CORP decreased by 82.0% in September, dropping from 5,000 shares to just 900 shares, with a short-interest ratio of 0.1 days.
• IHI stock price fell by 6.9% to $18.70, and it has a market capitalization of $20.25 billion and a current ratio of 1.15.
• The company reported earnings of $0.13 per share for the last quarter, missing analysts' expectations by $0.07.

IHI CORP (OTCMKTS:IHICY - Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 900 shares, a decrease of 82.0% from the September 15th total of 5,000 shares. Based on an average trading volume of 9,500 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 9,500 shares, the short-interest ratio is currently 0.1 days.

IHI Stock Down 6.9%

IHICY stock traded down $1.38 during mid-day trading on Friday, hitting $18.70. The stock had a trading volume of 2,591 shares, compared to its average volume of 24,587. The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $20.25 billion, a price-to-earnings ratio of 28.21 and a beta of 0.77. The company has a fifty day moving average of $26.09 and a 200 day moving average of $24.49. IHI has a 1-year low of $6.51 and a 1-year high of $21.97.

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

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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