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

Ihi Corp (OTCMKTS:IHICY) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 4,726 shares, a decline of 68.2% from the November 30th total of 14,859 shares. Based on an average daily trading volume, of 62,511 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 62,511 shares, the short-interest ratio is presently 0.1 days.

IHI Stock Performance

Shares of OTCMKTS IHICY opened at $18.01 on Thursday. IHI has a 12 month low of $6.78 and a 12 month high of $23.32. The company has a market cap of $19.50 billion, a P/E ratio of 27.17 and a beta of 0.75. The business’s 50 day moving average is $19.20 and its two-hundred day moving average is $24.01. The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 0.70.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded IHI from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, IHI currently 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.