Ihi Corp (OTCMKTS:IHICY) Sees Large Decline in Short Interest

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 daily volume of 140,348 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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, Based on data from MarketBeat.com, IHI currently has an average rating of “Hold”.

IHI Stock Performance

Shares of IHICY remained flat at $17.25 during trading hours on Friday. 5,556 shares of the company were exchanged, compared to its average volume of 104,218. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.74 and a current ratio of 1.17. IHI has a 52 week low of $12.79 and a 52 week high of $30.47. The company’s 50-day simple moving average is $19.62 and its 200-day simple moving average is $20.98. The company has a market capitalization of $18.68 billion, a P/E ratio of 18.55 and a beta of 0.66.

IHI (OTCMKTS:IHICY) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.46 earnings per share (EPS) for the quarter. The business 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.