Japan Petroleum Exploration Co., Ltd. (OTCMKTS:JPTXF) Short Interest Down 56.9% in May

Japan Petroleum Exploration Co., Ltd. (OTCMKTS:JPTXF) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 94,115 shares, a drop of 56.9% from the April 30th total of 218,260 shares. Based on an average daily trading volume, of 37 shares, the days-to-cover ratio is presently 2,543.6 days.

Japan Petroleum Exploration Stock Performance

Shares of OTCMKTS JPTXF remained flat at $13.75 during mid-day trading on Friday. The firm’s 50-day simple moving average is $15.00 and its 200 day simple moving average is $12.61. Japan Petroleum Exploration has a 12-month low of $8.50 and a 12-month high of $18.15.

Japan Petroleum Exploration Company Profile

Japan Petroleum Exploration Co, Ltd., together with its subsidiaries, explores, develops, produces, and sells oil, natural gas, and other energy resources in Japan, Europe, North America, and the Middle East. It also owns and manages a gas pipeline network; and provides underground CO2 storage. In addition, the company is involved in well drilling contracting business; manufacturing and selling petroleum products; insurance agency activities; and sale and contracted transportation of crude oil. Further, it engages in the geological survey contracting services; geophysical exploration work, technology development, logging, and mud-logging contracting; purchase and sale of LNG, petroleum gas, etc.; development of solar, wind, geothermal, biomass, and other renewable energy sources; real estate management; and operation and commissioning of natural power plants.