International Petroleum Co. (OTCMKTS:IPCFF) Sees Significant Increase in Short Interest

International Petroleum Co. (OTCMKTS:IPCFFGet Rating) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 137,700 shares, a growth of 26.4% from the June 30th total of 108,900 shares. Based on an average daily volume of 6,800 shares, the short-interest ratio is currently 20.3 days.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays lifted their price target on shares of International Petroleum from SEK 160 to SEK 170 and gave the company an “overweight” rating in a report on Friday, July 15th. Scotiabank lifted their price target on shares of International Petroleum from C$14.00 to C$17.00 in a report on Wednesday, June 8th. Finally, Stifel Nicolaus lifted their price target on shares of International Petroleum from C$17.00 to C$18.25 in a report on Thursday, June 30th.

International Petroleum Stock Performance

International Petroleum stock opened at $12.15 on Tuesday. The company’s 50-day moving average price is $10.34 and its 200-day moving average price is $9.08. International Petroleum has a twelve month low of $4.42 and a twelve month high of $13.50.

About International Petroleum

(Get Rating)

International Petroleum Corporation explores for, develops, and produces oil and gas. The company holds a portfolio of oil and gas assets in Canada, Malaysia, and France. International Petroleum Corporation was incorporated in 2017 and is headquartered in Vancouver, Canada.

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