International Petroleum Co. (OTCMKTS:IPCFF) Short Interest Up 21.9% in October

International Petroleum Co. (OTCMKTS:IPCFF) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 282,900 shares, a growth of 21.9% from the October 15th total of 232,000 shares. Based on an average trading volume of 5,800 shares, the days-to-cover ratio is currently 48.8 days.

International Petroleum Price Performance

IPCFF traded down $0.06 during trading on Friday, reaching $10.29. 1,665 shares of the stock traded hands, compared to its average volume of 5,347. International Petroleum has a fifty-two week low of $9.58 and a fifty-two week high of $14.96. The stock’s 50-day simple moving average is $11.99 and its two-hundred day simple moving average is $13.11.

About International Petroleum

International Petroleum Corporation explores for, develops, and produces oil and gas. The company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. International Petroleum Corporation was incorporated in 2017 and is based in Vancouver, Canada.