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

Inpex Co. (OTCMKTS:IPXHFGet Rating) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 868,600 shares, a decline of 70.5% from the March 15th total of 2,940,000 shares. Based on an average daily volume of 800 shares, the short-interest ratio is presently 1,085.8 days.

Shares of Inpex stock remained flat at $$11.74 during trading on Wednesday. The stock had a trading volume of 8,900 shares, compared to its average volume of 2,418. The stock has a fifty day moving average price of $10.75 and a two-hundred day moving average price of $9.06. Inpex has a 52 week low of $6.87 and a 52 week high of $11.75.

Inpex Company Profile (Get Rating)

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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