Inpex Corp. (OTCMKTS:IPXHY) Sees Large Growth in Short Interest

Inpex Corp. (OTCMKTS:IPXHY) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 71,844 shares, a growth of 90.3% from the December 31st total of 37,746 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 81,311 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 81,311 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.0% of the shares of the company are sold short.

Inpex Trading Down 0.4%

IPXHY stock traded down $0.08 during trading on Friday, reaching $22.41. The company had a trading volume of 44,286 shares, compared to its average volume of 40,723. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.40. Inpex has a 52 week low of $11.27 and a 52 week high of $22.78. The company has a market cap of $26.58 billion, a P/E ratio of 9.38 and a beta of 0.39. The business has a 50 day moving average of $20.44 and a 200 day moving average of $18.31.

Inpex (OTCMKTS:IPXHY) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.40 earnings per share (EPS) for the quarter. Inpex had a return on equity of 8.85% and a net margin of 21.08%.The business had revenue of $3.20 billion during the quarter.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein lowered shares of Inpex to an “underperform” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Inpex Company Profile

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.