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

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

Inpex Trading Down 10.1 %

Shares of OTCMKTS:IPXHF traded down $1.59 on Friday, hitting $14.10. 83 shares of the company were exchanged, compared to its average volume of 2,586. Inpex has a 1-year low of $10.99 and a 1-year high of $17.00. The stock’s 50 day moving average price is $12.91 and its 200 day moving average price is $13.01.

About Inpex

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.