Short Interest in Industrial Services of America, Inc. (NASDAQ:IDSA) Expands By 32.9%

Industrial Services of America, Inc. (NASDAQ:IDSA) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 32,300 shares, an increase of 32.9% from the August 30th total of 24,300 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 39,700 shares, the short-interest ratio is currently 0.8 days.

IDSA stock traded down $0.01 on Friday, hitting $1.11. 76,667 shares of the company’s stock traded hands, compared to its average volume of 26,542. Industrial Services of America has a 1-year low of $0.61 and a 1-year high of $2.18. The stock has a fifty day moving average of $1.14 and a 200-day moving average of $1.15. The company has a quick ratio of 0.75, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

About Industrial Services of America

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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