Short Interest in Inpex Corp. (OTCMKTS:IPXHY) Drops By 57.8%

Inpex Corp. (OTCMKTS:IPXHY) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 21,082 shares, a drop of 57.8% from the April 15th total of 49,961 shares. Based on an average daily volume of 127,830 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Inpex Stock Up 0.9%

IPXHY traded up $0.22 during mid-day trading on Friday, reaching $25.13. 21,824 shares of the stock were exchanged, compared to its average volume of 55,549. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.32. The stock has a market capitalization of $29.81 billion, a PE ratio of 11.91 and a beta of 0.17. The company has a 50 day moving average price of $26.71 and a two-hundred day moving average price of $22.99. Inpex has a 1 year low of $12.91 and a 1 year high of $31.10.

Inpex (OTCMKTS:IPXHY) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $3.20 billion for the quarter. Inpex had a net margin of 19.02% and a return on equity of 7.55%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on IPXHY shares. Nomura upgraded shares of Inpex to a “hold” rating in a research note on Friday, February 20th. Sanford C. Bernstein upgraded shares of Inpex from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

About Inpex

INPEX is a Japan-based energy company primarily engaged in the exploration, development, production and sale of oil and natural gas resources. The company’s activities span upstream exploration and field development, midstream project execution — notably liquefied natural gas (LNG) facilities — and related resource management and commercial operations. INPEX’s portfolio includes conventional and unconventional hydrocarbon assets and associated engineering and project-management expertise to bring complex developments into production.

INPEX is known for participation and leadership in large-scale LNG projects, including the Ichthys LNG development off northern Australia, which represents a core midstream and export capability in the company’s business mix.