Industrial Services of America, Inc. (NASDAQ:IDSA) was the recipient of a significant growth in short interest during the month of November. As of November 29th, there was short interest totalling 16,000 shares, a growth of 46.8% from the November 14th total of 10,900 shares. Based on an average trading volume of 33,700 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the company’s stock are sold short.
NASDAQ IDSA traded up $0.01 during trading on Wednesday, reaching $1.12. The company’s stock had a trading volume of 10,526 shares, compared to its average volume of 23,289. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.22 and a quick ratio of 0.72. Industrial Services of America has a 1-year low of $0.61 and a 1-year high of $1.55. The business has a 50-day moving average price of $1.11 and a 200-day moving average price of $1.07.
Industrial Services of America (NASDAQ:IDSA) last announced its quarterly earnings results on Wednesday, November 13th. The industrial products company reported ($0.17) EPS for the quarter. The business had revenue of $12.97 million for the quarter. Industrial Services of America had a negative return on equity of 40.56% and a negative net margin of 7.21%.
A hedge fund recently bought a new stake in Industrial Services of America stock. FNY Investment Advisers LLC bought a new position in shares of Industrial Services of America, Inc. (NASDAQ:IDSA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 65,254 shares of the industrial products company’s stock, valued at approximately $73,000. FNY Investment Advisers LLC owned about 0.80% of Industrial Services of America at the end of the most recent reporting period. Institutional investors and hedge funds own 7.53% of the company’s stock.
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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