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

International Petroleum Co. (OTCMKTS:IPCFF) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 282,900 shares, an increase of 21.9% from the October 15th total of 232,000 shares. Based on an average trading volume of 5,800 shares, the short-interest ratio is currently 48.8 days.

International Petroleum Stock Performance

Shares of OTCMKTS IPCFF traded down $0.06 during trading on Friday, reaching $10.29. The company had a trading volume of 1,665 shares, compared to its average volume of 5,347. International Petroleum has a twelve month low of $9.58 and a twelve month high of $14.96. The stock has a 50-day moving average price of $11.99 and a two-hundred day moving average price of $13.11.

About International Petroleum

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