Inpex Corp. (OTCMKTS:IPXHY) Sees Significant Decline in Short Interest

Inpex Corp. (OTCMKTS:IPXHY) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 7,426 shares, a drop of 84.0% from the February 12th total of 46,278 shares. Based on an average trading volume of 99,158 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 99,158 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

IPXHY has been the topic of a number of recent research reports. Nomura raised Inpex to a “hold” rating in a report on Friday, February 20th. Sanford C. Bernstein upgraded shares of Inpex from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Inpex Stock Performance

OTCMKTS:IPXHY traded up $1.15 during mid-day trading on Tuesday, reaching $25.74. The stock had a trading volume of 61,246 shares, compared to its average volume of 47,159. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.40 and a current ratio of 1.49. The firm has a market capitalization of $30.53 billion, a price-to-earnings ratio of 11.70 and a beta of 0.35. Inpex has a twelve month low of $11.27 and a twelve month high of $27.47. The business has a 50 day simple moving average of $22.32 and a 200 day simple moving average of $20.03.

Inpex (OTCMKTS:IPXHY) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.55 earnings per share for the quarter. Inpex had a return on equity of 8.07% and a net margin of 19.53%.The company had revenue of $3.19 billion for the quarter.

Inpex Company Profile

INPEX is a Japan-based energy company primarily engaged in the exploration, development, production and sale of oil and natural gas resources. The company’s activities span upstream exploration and field development, midstream project execution — notably liquefied natural gas (LNG) facilities — and related resource management and commercial operations. INPEX’s portfolio includes conventional and unconventional hydrocarbon assets and associated engineering and project-management expertise to bring complex developments into production.

INPEX is known for participation and leadership in large-scale LNG projects, including the Ichthys LNG development off northern Australia, which represents a core midstream and export capability in the company’s business mix.