Inpex Co. (OTCMKTS:IPXHY) Sees Large Growth in Short Interest

Inpex Co. (OTCMKTS:IPXHY) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 179,900 shares, an increase of 242.7% from the December 15th total of 52,500 shares. Based on an average daily trading volume, of 422,500 shares, the days-to-cover ratio is currently 0.4 days.

Inpex Trading Down 1.3 %

OTCMKTS:IPXHY traded down $0.16 during mid-day trading on Tuesday, hitting $12.49. 332,973 shares of the company’s stock were exchanged, compared to its average volume of 173,769. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.18. Inpex has a fifty-two week low of $11.85 and a fifty-two week high of $17.42. The company has a 50 day simple moving average of $12.86 and a 200-day simple moving average of $13.73. The firm has a market capitalization of $15.58 billion, a P/E ratio of 6.18 and a beta of 0.95.

About Inpex

Inpex Corporation engages in the research, exploration, development, production, and sale of oil, natural gas, and other mineral resources in Japan, rest of Asia and Oceania, Europe and NIS countries, the Middle East and Africa, and the Americas. The company is involved in the investment and lending to the companies engaged in mineral resources business, etc.