Iochpe-Maxion SA (OTCMKTS:IOCJY) Short Interest Up ∞ in August

Iochpe-Maxion SA (OTCMKTS:IOCJY) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,000 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily volume of 293 shares, the short-interest ratio is presently 3.4 days. Approximately 0.0% of the shares of the stock are sold short.

Iochpe-Maxion Price Performance

Shares of OTCMKTS IOCJY opened at $0.65 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average price is $0.55 and its 200 day moving average price is $0.55. Iochpe-Maxion has a 52 week low of $0.48 and a 52 week high of $0.74. The stock has a market cap of $301.21 million, a price-to-earnings ratio of 16.33 and a beta of 0.66.

Iochpe-Maxion (OTCMKTS:IOCJY) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. Iochpe-Maxion had a net margin of 0.63% and a return on equity of 2.05%. The company had revenue of $778.82 million for the quarter, compared to the consensus estimate of $784.78 million. As a group, research analysts forecast that Iochpe-Maxion will post 0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Bradesco Corretora cut shares of Iochpe-Maxion to a “neutral” rating in a report on Tuesday. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Iochpe-Maxion

Iochpe-Maxion SA is a Brazil-based manufacturer of automotive components, serving vehicle producers and commercial transportation companies worldwide. The company develops and manufactures wheels, structural components, and other assemblies used in passenger vehicles, trucks, buses, trailers, and agricultural and off-highway equipment.

Its operations are organized primarily through Maxion Wheels, which produces steel and aluminum wheels, and Maxion Structural Components, which manufactures chassis and structural parts.