Short Interest in Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Increases By 820.7%

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 7,946 shares, an increase of 820.7% from the July 30th total of 863 shares. Based on an average trading volume of 3,808 shares, the short-interest ratio is currently 2.1 days. Currently, 0.0% of the company’s stock are sold short.

Idemitsu Kosan Co.,Ltd. Stock Performance

Shares of OTCMKTS:IDKOY remained flat at $18.45 during trading hours on Wednesday. 161 shares of the stock traded hands, compared to its average volume of 2,133. The company’s 50 day moving average is $15.88 and its two-hundred day moving average is $17.44. Idemitsu Kosan Co.,Ltd. has a twelve month low of $12.36 and a twelve month high of $21.05.

Idemitsu Kosan Co.,Ltd. Company Profile

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.