Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Short Interest Update

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 7,946 shares, a growth of 820.7% from the July 30th total of 863 shares. Based on an average trading volume of 3,808 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.0% of the company’s shares are short sold.

Idemitsu Kosan Co.,Ltd. Price Performance

IDKOY stock traded up $0.55 during trading on Thursday, reaching $18.45. 1,019 shares of the stock traded hands, compared to its average volume of 3,305. The business’s 50 day moving average price is $15.92 and its 200-day moving average price is $17.45. Idemitsu Kosan Co.,Ltd. has a 52-week low of $12.36 and a 52-week high of $21.05.

About Idemitsu Kosan Co.,Ltd.

Idemitsu Kosan Co, Ltd. is a Japanese energy company primarily engaged in the refining of crude oil and the production of petroleum products. Established in 1911 by Sazo Idemitsu, the company has grown into one of Japan’s leading refiners, supplying gasoline, diesel, jet fuel and kerosene to both industrial and retail customers. Its core refining operations are supported by a network of domestic refineries that process a wide range of crude oils.

In addition to its downstream refining business, Idemitsu Kosan manufactures petrochemical feedstocks used in the production of plastics, synthetic rubbers and other chemical intermediates.