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

Ihi Corp (OTCMKTS:IHICYGet Free Report) 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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 140,348 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Zacks Research raised IHI from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, IHI has a consensus rating of “Hold”.

View Our Latest Stock Report on IHICY

IHI Trading Down 2.3%

Shares of IHI stock traded down $0.40 during trading on Thursday, reaching $17.30. 34,800 shares of the company were exchanged, compared to its average volume of 104,246. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.62. IHI has a twelve month low of $12.79 and a twelve month high of $30.47. The business has a 50-day moving average price of $19.75 and a 200-day moving average price of $21.00. The firm has a market capitalization of $18.73 billion, a price-to-earnings ratio of 18.60 and a beta of 0.66.

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

About IHI

(Get Free Report)

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.

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