IKONICS Co. (NASDAQ:IKNX) Sees Large Increase in Short Interest

IKONICS Co. (NASDAQ:IKNX) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 200 shares, a growth of 100.0% from the May 30th total of 100 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Separately, TheStreet cut shares of Trinity Industries from a “b” rating to a “c” rating in a research note on Thursday, April 25th.

Shares of IKNX traded up $0.17 during mid-day trading on Thursday, hitting $7.52. 4,700 shares of the company traded hands, compared to its average volume of 2,690. IKONICS has a one year low of $6.50 and a one year high of $12.99. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.27 and a quick ratio of 4.20. The business has a 50-day simple moving average of $7.66.

IKONICS (NASDAQ:IKNX) last released its quarterly earnings results on Thursday, April 25th. The specialty chemicals company reported ($0.23) EPS for the quarter. IKONICS had a negative net margin of 1.05% and a negative return on equity of 1.43%. The company had revenue of $3.53 million for the quarter.

About IKONICS

IKONICS Corporation develops, manufactures, and sells photosensitive liquids and films for screen printing, awards and recognition, and dye sublimation markets worldwide. It operates through five segments: Domestic, Export, IKONICS Imaging, Digital Texturing Technology, and Advanced Material Solutions.

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