Industrial Services of America, Inc. (NASDAQ:IDSA) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 20,100 shares, a decrease of 11.8% from the September 30th total of 22,800 shares. Based on an average daily volume of 50,200 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the company’s shares are sold short.
A hedge fund recently bought a new stake in Industrial Services of America stock. FNY Investment Advisers LLC purchased a new stake in Industrial Services of America, Inc. (NASDAQ:IDSA) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 65,254 shares of the industrial products company’s stock, valued at approximately $73,000. FNY Investment Advisers LLC owned approximately 0.80% of Industrial Services of America at the end of the most recent quarter. Institutional investors and hedge funds own 7.08% of the company’s stock.
Shares of Industrial Services of America stock traded up $0.01 during trading hours on Monday, reaching $1.11. 100 shares of the company’s stock were exchanged, compared to its average volume of 40,585. Industrial Services of America has a 52-week low of $0.61 and a 52-week high of $1.83. The company has a fifty day moving average of $1.12 and a 200-day moving average of $1.11. The company has a current ratio of 1.22, a quick ratio of 0.75 and a debt-to-equity ratio of 1.09.
Industrial Services of America, Inc buys, processes, and markets ferrous and non-ferrous metals, and other recyclable commodities in the United States. The company processes scrap metal through its sorting, cutting, baling, and shredding operations. Its non-ferrous scrap recycling operations consist primarily of collecting, sorting, and processing various grades of copper, aluminum, and stainless steel and brass.
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