Inpex Co. (OTCMKTS:IPXHY) Sees Significant Increase in Short Interest

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

Inpex Stock Performance

Inpex stock traded up $0.27 during midday trading on Thursday, reaching $12.08. 149,387 shares of the stock traded hands, compared to its average volume of 171,532. The firm has a fifty day moving average price of $12.66 and a two-hundred day moving average price of $13.51. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.18. The firm has a market cap of $15.07 billion, a price-to-earnings ratio of 5.98 and a beta of 0.95. Inpex has a fifty-two week low of $11.57 and a fifty-two week high of $17.42.

Inpex (OTCMKTS:IPXHY) last released its earnings results on Tuesday, November 12th. The company reported $0.42 earnings per share for the quarter. The firm had revenue of $3.74 billion during the quarter. Inpex had a return on equity of 8.16% and a net margin of 16.48%.

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.