Short Interest in IBC Advanced Alloys Corp. (OTCMKTS:IAALF) Decreases By 25.1%

IBC Advanced Alloys Corp. (OTCMKTS:IAALF) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 131,507 shares, a decrease of 25.1% from the December 15th total of 175,676 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 293,521 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 293,521 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

IBC Advanced Alloys Price Performance

IAALF traded down $0.00 during trading on Friday, hitting $0.15. The company’s stock had a trading volume of 36,290 shares, compared to its average volume of 105,035. The company has a current ratio of 0.62, a quick ratio of 0.17 and a debt-to-equity ratio of 2.78. The business’s fifty day simple moving average is $0.14 and its 200 day simple moving average is $0.09. The firm has a market capitalization of $17.67 million, a price-to-earnings ratio of -5.11 and a beta of 1.24. IBC Advanced Alloys has a twelve month low of $0.03 and a twelve month high of $0.19.

IBC Advanced Alloys (OTCMKTS:IAALF) last posted its quarterly earnings data on Monday, December 1st. The company reported ($0.01) EPS for the quarter. The company had revenue of $4.17 million for the quarter. IBC Advanced Alloys had a negative net margin of 17.02% and a negative return on equity of 95.16%.

About IBC Advanced Alloys

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, such as beryllium copper, chrome copper, oxygen-free high conductivity copper, and aluminum bronze in the form of plates, blocks, rounds, discs, bars, rings, tubes, rods, and other custom forgings, as well as specialty copper alloy forgings for plastic mold tooling and resistance welding applications.