Ihi Corp (OTCMKTS:IHICY) Sees Significant Decrease in Short Interest

Company Overview - IHI Corporation, originally known as Ishikawajima-Harima Heavy Industries, is a Japanese engineering and industrial conglomerate headquartered in Tokyo, specializing in the design, manufacture, and servicing of heavy machinery, equipment, and integrated systems for industrial and infrastructure markets [3]. Stock Performance - IHI shares opened at $18.01, with a 12-month low of $6.78 and a high of $23.32. The company has a market capitalization of $19.50 billion, a P/E ratio of 27.17, and a beta of 0.75. The 50-day moving average is $19.20, while the 200-day moving average is $24.01. The quick ratio stands at 0.71, the current ratio at 1.15, and the debt-to-equity ratio at 0.70 [1]. Analyst Ratings - Goldman Sachs downgraded IHI from a "strong-buy" to a "hold" rating on October 23rd. Currently, one investment analyst has rated the stock as "Hold," leading to a consensus rating of "Hold" according to MarketBeat data [2]. Sector Activities - IHI's principal activities encompass several sectors, including aerospace, energy, and industrial machinery [4]. Short Interest - IHI experienced a significant decline in short interest, with a total of 4,726 shares shorted as of December 15th, representing a 68.2% decrease from 14,859 shares on November 30th. The short-interest ratio is currently 0.1 days, with approximately 0.0% of the company's stock short sold [6].