Inpex Co. (OTCMKTS:IPXHY) Short Interest Down 24.1% in August

Inpex Co. (OTCMKTS:IPXHY) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 20,800 shares, a decrease of 24.1% from the August 15th total of 27,400 shares. Based on an average daily trading volume, of 73,900 shares, the days-to-cover ratio is currently 0.3 days.

Shares of IPXHY traded down $0.22 during mid-day trading on Tuesday, reaching $6.94. The company had a trading volume of 3,144 shares, compared to its average volume of 19,959. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of 17.34 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.37 and a current ratio of 1.52. The company’s 50 day simple moving average is $7.06 and its 200 day simple moving average is $7.14. Inpex has a 1-year low of $4.55 and a 1-year high of $8.10.

Separately, Morgan Stanley upgraded Inpex from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 13th.

About Inpex

INPEX Corp. engages in the research, exploration, development, production and sales of oil and natural gas and other mineral resources. It operates through in the following geographic segments: Japan; Asia and Oceania; Eurasia; Middle East and Africa; and Americas. The company was founded on April 3, 2006 and is headquartered in Tokyo, Japan.

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