Iochpe-Maxion SA (OTCMKTS:IOCJY) Sees Large Increase in Short Interest

Iochpe-Maxion SA (OTCMKTS:IOCJY) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 510 shares, a growth of 5,000.0% from the June 15th total of 10 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 5.1 days. Approximately 0.0% of the shares of the stock are short sold.

Iochpe-Maxion Stock Performance

Iochpe-Maxion stock remained flat at $0.54 during midday trading on Friday. The company had a trading volume of 750 shares, compared to its average volume of 108. Iochpe-Maxion has a twelve month low of $0.53 and a twelve month high of $0.95. The stock’s 50-day moving average price is $0.56 and its 200-day moving average price is $0.57. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.07 and a current ratio of 1.78. The firm has a market capitalization of $249.49 million, a P/E ratio of 18.03 and a beta of 0.64.

Iochpe-Maxion Company Profile

Iochpe-Maxion SA (OTCMKTS:IOCJY) is a global supplier of automotive wheels and structural components, serving major original equipment manufacturers in the passenger, light truck and commercial vehicle segments. The company’s expertise spans the design, engineering and production of both steel and aluminum wheels, as well as complex chassis and body structural assemblies.

Operations are organized into two primary divisions: Maxion Wheels and Maxion Structural Components. The wheels segment produces a broad range of products including stamped and forged steel wheels and aluminum cast wheels for cars, SUVs, light trucks, commercial trucks and trailers.