Inpex Co. (OTCMKTS:IPXHF) Sees Significant Decrease in Short Interest

Inpex Co. (OTCMKTS:IPXHF) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 2,508,300 shares, a decline of 14.2% from the November 15th total of 2,923,100 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is presently 643.2 days.

Inpex Stock Performance

Inpex stock traded up $1.18 during mid-day trading on Monday, reaching $12.72. The stock had a trading volume of 3,586 shares, compared to its average volume of 625. Inpex has a one year low of $11.54 and a one year high of $17.00. The company has a 50-day moving average price of $13.62 and a two-hundred day moving average price of $14.37.

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.