Inpex Co. (OTCMKTS:IPXHF) Sees Large Decrease in Short Interest

Inpex Co. (OTCMKTS:IPXHF) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 2,659,600 shares, a drop of 6.2% from the January 15th total of 2,836,400 shares. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is presently 1,063.8 days.

Inpex Stock Performance

Shares of IPXHF opened at $11.66 on Tuesday. Inpex has a 12 month low of $10.99 and a 12 month high of $17.00. The stock’s 50-day moving average is $12.21 and its two-hundred day moving average is $13.46.

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.