International Petroleum Co. (OTCMKTS:IPCFF) Short Interest Update

International Petroleum Co. (OTCMKTS:IPCFF) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 490,204 shares, a decrease of 48.9% from the July 15th total of 958,721 shares. Based on an average trading volume of 22,732 shares, the days-to-cover ratio is presently 21.6 days.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised shares of International Petroleum from a “sector perform” rating to an “outperform” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

International Petroleum Trading Up 2.8%

OTCMKTS:IPCFF traded up $0.65 during trading hours on Friday, reaching $23.54. 2,357 shares of the stock were exchanged, compared to its average volume of 22,836. The firm has a 50 day simple moving average of $22.56 and a 200-day simple moving average of $24.13. International Petroleum has a 52 week low of $14.91 and a 52 week high of $28.34.

International Petroleum Company Profile

International Petroleum Corporation (OTCMKTS: IPCFF) is an independent upstream oil and gas company focused on acquiring, exploring, developing and producing hydrocarbon assets in Southeast Asia and Europe. Headquartered in Singapore, the company builds value through selective exploration and development projects that leverage its operational expertise and strategic partnerships.

The company’s core producing assets are located offshore in the Gulf of Thailand, where it holds interests in the S1 and S2 concessions.