Inpex Corp. (OTCMKTS:IPXHY) Short Interest Update

Inpex Corp. (OTCMKTS:IPXHY) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 59,799 shares, an increase of 129.7% from the July 30th total of 26,032 shares. Based on an average trading volume of 75,244 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the company’s shares are sold short.

Inpex Stock Down 0.5%

Shares of OTCMKTS:IPXHY traded down $0.12 during midday trading on Friday, hitting $24.27. 19,707 shares of the company’s stock traded hands, compared to its average volume of 38,872. The firm’s fifty day moving average price is $22.14 and its two-hundred day moving average price is $24.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.17 and a current ratio of 1.24. Inpex has a twelve month low of $16.89 and a twelve month high of $31.10. The company has a market cap of $28.78 billion, a PE ratio of 10.20 and a beta of 0.13.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Inpex to a “hold” rating in a research note on Thursday, June 4th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, Inpex currently has a consensus rating of “Hold”.

About Inpex

INPEX is a Japan-based energy company primarily engaged in the exploration, development, production and sale of oil and natural gas resources. The company’s activities span upstream exploration and field development, midstream project execution — notably liquefied natural gas (LNG) facilities — and related resource management and commercial operations. INPEX’s portfolio includes conventional and unconventional hydrocarbon assets and associated engineering and project-management expertise to bring complex developments into production.

INPEX is known for participation and leadership in large-scale LNG projects, including the Ichthys LNG development off northern Australia, which represents a core midstream and export capability in the company’s business mix.