Iochpe-Maxion SA (OTCMKTS:IOCJY) Short Interest Update

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

Iochpe-Maxion Price Performance

OTCMKTS IOCJY remained flat at $0.65 during trading on Wednesday. The stock’s fifty day simple moving average is $0.55 and its two-hundred day simple moving average is $0.55. Iochpe-Maxion has a twelve month low of $0.48 and a twelve month high of $0.74. 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 stock has a market cap of $301.21 million, a P/E ratio of 16.33 and a beta of 0.66.

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

Analyst Ratings Changes

Separately, Bradesco Corretora downgraded Iochpe-Maxion to a “neutral” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Iochpe-Maxion Company Profile

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.