Short Interest in Inpex Co. (OTCMKTS:IPXHF) Declines By 44.2%

Inpex Co. (OTCMKTS:IPXHF) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,331,700 shares, a drop of 44.2% from the February 28th total of 2,388,500 shares. Based on an average daily trading volume, of 1,700 shares, the days-to-cover ratio is presently 783.4 days.

Inpex Stock Down 10.1 %

Shares of IPXHF traded down $1.59 during trading hours on Friday, hitting $14.10. The company had a trading volume of 83 shares, compared to its average volume of 2,586. Inpex has a 52-week low of $10.99 and a 52-week high of $17.00. The stock’s 50 day moving average price is $12.91 and its 200 day moving average price is $13.02.

Inpex Company Profile

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.