Short Interest in Inpex Co. (OTCMKTS:IPXHY) Grows By 111.1%

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

Inpex Price Performance

IPXHY traded down $0.26 during trading on Friday, reaching $13.88. 30,368 shares of the company traded hands, compared to its average volume of 143,330. The company has a market cap of $17.32 billion, a P/E ratio of 6.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.22 and a current ratio of 1.29. Inpex has a 12-month low of $11.45 and a 12-month high of $17.42. The firm has a fifty day simple moving average of $12.77 and a 200 day simple moving average of $13.02.

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

Inpex Company Profile

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.