Inpex Corp. (OTCMKTS:IPXHY – Get Free Report) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 59,799 shares, a growth of 129.7% from the July 30th total of 26,032 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 75,244 shares, the days-to-cover ratio is presently 0.8 days.
Inpex Stock Performance
IPXHY stock traded down $0.11 during trading hours on Friday, hitting $24.28. 11,931 shares of the stock were exchanged, compared to its average volume of 65,710. Inpex has a 12 month low of $16.89 and a 12 month high of $31.10. The company has a current ratio of 1.24, a quick ratio of 1.17 and a debt-to-equity ratio of 0.14. The company has a 50-day simple moving average of $22.09 and a two-hundred day simple moving average of $24.10. The firm has a market capitalization of $28.79 billion, a P/E ratio of 10.20 and a beta of 0.13.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Inpex to a “hold” rating in a research report on Thursday, June 4th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Inpex presently has an average rating of “Hold”.
About Inpex
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.
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