Ihi Corp (OTCMKTS:IHICY) Sees Significant Increase in Short Interest

Ihi Corp (OTCMKTS:IHICY) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 15,703 shares, a growth of 3,171.5% from the May 14th total of 480 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 198,535 shares, the days-to-cover ratio is presently 0.1 days.

IHI Trading Down 4.2%

Shares of IHICY stock traded down $0.67 on Tuesday, reaching $15.20. The company had a trading volume of 213,171 shares, compared to its average volume of 101,784. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 0.62. The stock has a market cap of $16.46 billion, a PE ratio of 23.94 and a beta of 0.62. The company has a 50-day moving average of $18.57 and a 200-day moving average of $20.83. IHI has a 12 month low of $12.79 and a 12 month high of $30.47.

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

Analysts Set New Price Targets

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

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.