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

Inpex Co. (OTCMKTS:IPXHY) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 114,400 shares, an increase of 111.1% from the February 28th total of 54,200 shares. Based on an average daily trading volume, of 303,800 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

Inpex Trading Down 1.8 %

OTCMKTS IPXHY traded down $0.26 on Friday, hitting $13.88. The company’s stock had a trading volume of 30,368 shares, compared to its average volume of 143,330. The company’s 50-day moving average is $12.77 and its 200 day moving average is $13.02. The firm has a market cap of $17.32 billion, a PE ratio of 6.11 and a beta of 0.90. Inpex has a 1-year low of $11.45 and a 1-year high of $17.42. The company has a quick ratio of 1.22, a current ratio of 1.29 and a debt-to-equity ratio of 0.18.

Inpex (OTCMKTS:IPXHY) last announced its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter. The business had revenue of $3.40 billion during the quarter. Inpex had a return on equity of 8.73% and a net margin of 18.86%.

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.