Short Interest in Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Expands By 1,251.8%

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 2,217 shares, a growth of 1,251.8% from the November 30th total of 164 shares. Based on an average trading volume of 4,741 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 4,741 shares, the days-to-cover ratio is currently 0.5 days.

Idemitsu Kosan Co.,Ltd. Price Performance

OTCMKTS IDKOY opened at $15.27 on Friday. The company’s fifty day simple moving average is $14.39 and its 200-day simple moving average is $13.47. Idemitsu Kosan Co.,Ltd. has a 52 week low of $10.73 and a 52 week high of $16.85.

About Idemitsu Kosan Co.,Ltd.

Idemitsu Kosan Co, Ltd. is a Japanese energy company primarily engaged in the refining of crude oil and the production of petroleum products. Established in 1911 by Sazo Idemitsu, the company has grown into one of Japan’s leading refiners, supplying gasoline, diesel, jet fuel and kerosene to both industrial and retail customers. Its core refining operations are supported by a network of domestic refineries that process a wide range of crude oils.

In addition to its downstream refining business, Idemitsu Kosan manufactures petrochemical feedstocks used in the production of plastics, synthetic rubbers and other chemical intermediates.