India Globalization Capital Inc. (NYSEAMERICAN:IGC) saw a large decline in short interest in April. As of April 13th, there was short interest totalling 320,109 shares, a decline of 10.2% from the March 30th total of 356,431 shares. Based on an average daily trading volume, of 464,510 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.3% of the shares of the stock are short sold.
IGC stock opened at $0.57 on Thursday. India Globalization Capital has a 52 week low of $0.30 and a 52 week high of $1.63.
India Globalization Capital (NYSEAMERICAN:IGC) last released its quarterly earnings results on Tuesday, February 20th. The construction company reported ($0.02) EPS for the quarter. India Globalization Capital had a negative return on equity of 31.15% and a negative net margin of 69.92%. The company had revenue of $0.76 million for the quarter.
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India Globalization Capital Company Profile
India Globalization Capital, Inc engages in the development of cannabis-based therapies to treat Alzheimer's, pain, nausea, eating disorders, several end points of Parkinson's, and epilepsy in humans, dogs, and cats. The company's products under medical trials include Natrinol, a natural substitute for Marinol for relieving nausea, vomiting, and increasing appetite in patients with AIDS and cancer; Caesafin to alleviate seizures in dogs and cats; Serosapse addresses several end points in Parkinson's disease, including Rapid Eye Movement sleep disorder, anxiety, and dyskinesia; and Hyalolex to reduce the buildup of beta-amyloid in Alzheimer's patients.
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