IBC Advanced Alloys Corp. (OTCMKTS:IAALF) Sees Significant Growth in Short Interest

IBC Advanced Alloys Corp. (OTCMKTS:IAALF – Get Rating) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totalling 75,900 shares, a growth of 113.8% from the April 15th total of 35,500 shares. Based on an average daily volume of 200,100 shares, the days-to-cover ratio is currently 0.4 days.

Shares of OTCMKTS:IAALF remained flat at $$0.18 during trading on Friday. The company had a trading volume of 30,002 shares, compared to its average volume of 70,556. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.31 and a current ratio of 0.84. IBC Advanced Alloys has a 12-month low of $0.13 and a 12-month high of $0.25. The firm has a 50-day moving average of $0.18 and a 200-day moving average of $0.16. The firm has a market capitalization of $14.67 million, a P/E ratio of -18.30 and a beta of 0.34.

About IBC Advanced Alloys (Get Rating)

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, including beryllium copper, chrome copper, oxygen-free high conductivity copper, and aluminum bronze in the form of plates, blocks, bars, and rings, as well as specialty copper alloy forgings for industrial welding, oil and gas, plastic mold, metal melting, marine defense, electronic, and industrial equipment markets.

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