Inpex Co. (OTCMKTS:IPXHY) Sees Significant Growth in Short Interest

Inpex Co. (OTCMKTS:IPXHY) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 179,900 shares, an increase of 242.7% from the December 31st total of 52,500 shares. Based on an average daily volume of 422,500 shares, the short-interest ratio is presently 0.4 days.

Inpex Price Performance

Inpex stock traded up $0.27 during mid-day trading on Thursday, reaching $12.08. The company had a trading volume of 149,387 shares, compared to its average volume of 171,532. The stock’s 50-day simple moving average is $12.66 and its 200-day simple moving average is $13.51. Inpex has a 1 year low of $11.57 and a 1 year high of $17.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.29 and a quick ratio of 1.22. The company has a market capitalization of $15.07 billion, a P/E ratio of 5.98 and a beta of 0.95.

Inpex (OTCMKTS:IPXHY) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.42 earnings per share (EPS) for the quarter. Inpex had a return on equity of 8.16% and a net margin of 16.48%. The business had revenue of $3.74 billion during the quarter.

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.