Inpex Co. (OTCMKTS:IPXHF) Sees Significant Decline in Short Interest

Inpex Co. (OTCMKTS:IPXHF) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 1,331,700 shares, a drop of 44.2% from the February 28th total of 2,388,500 shares. Based on an average trading volume of 1,700 shares, the days-to-cover ratio is presently 783.4 days.

Inpex Stock Performance

IPXHF traded down $1.59 on Friday, reaching $14.10. 83 shares of the company’s stock were exchanged, compared to its average volume of 2,586. Inpex has a twelve month low of $10.99 and a twelve month high of $17.00. The stock’s fifty day moving average price is $12.91 and its 200-day moving average price is $13.01.

About Inpex

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.