Short Interest in IBC Advanced Alloys Corp. (OTCMKTS:IAALF) Decreases By 99.5%

IBC Advanced Alloys Corp. (OTCMKTS:IAALF) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 469 shares, a drop of 99.5% from the July 15th total of 93,542 shares. Based on an average daily volume of 20,003 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

IBC Advanced Alloys Price Performance

Shares of OTCMKTS IAALF opened at $0.14 on Thursday. The firm has a market cap of $16.38 million, a P/E ratio of -7.09 and a beta of 1.11. The company has a current ratio of 0.69, a quick ratio of 0.23 and a debt-to-equity ratio of 7.81. IBC Advanced Alloys has a 1-year low of $0.03 and a 1-year high of $0.19. The business’s 50 day moving average is $0.12 and its 200-day moving average is $0.14.

IBC Advanced Alloys (OTCMKTS:IAALF) last issued its quarterly earnings results on Friday, May 29th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $4.77 million during the quarter. IBC Advanced Alloys had a negative net margin of 10.73% and a negative return on equity of 110.06%.

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.