Short Interest in Inpex Corp. (OTCMKTS:IPXHY) Grows By 90.3%

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

Inpex Price Performance

Shares of OTCMKTS IPXHY opened at $22.41 on Friday. Inpex has a twelve month low of $11.27 and a twelve month high of $22.78. The company has a current ratio of 1.49, a quick ratio of 1.40 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $20.44 and a two-hundred day moving average of $18.28. The company has a market capitalization of $26.58 billion, a price-to-earnings ratio of 9.38 and a beta of 0.39.

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

Analyst Ratings Changes

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