Short Interest in Inpex Corp. (OTCMKTS:IPXHY) Decreases By 44.1%

Key Points

• Inpex Corp. experienced a significant 44.1% decline in short interest, with only 30,900 shares short sold as of July 31st, down from 55,300 shares on July 15th.
• The company's stock price increased slightly, trading at $15.82, with trading volume of 20,992 shares compared to an average of 105,282 shares.
• Inpex reported $0.56 earnings per share and revenues of $3.54 billion for the most recent quarter, with a net margin of 20.57%.

Inpex Corp. (OTCMKTS:IPXHY - Get Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 30,900 shares, adeclineof44.1% from the July 15th total of 55,300 shares. Currently,0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 69,300 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 69,300 shares, the days-to-cover ratio is presently 0.4 days. Currently,0.0% of the shares of the company are short sold.

Inpex Stock Performance

IPXHY traded up $0.02 during trading on Monday, hitting $15.82. The stock had a trading volume of 20,992 shares, compared to its average volume of 105,282. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.27 and a current ratio of 1.37. The firm has a market capitalization of $19.74 billion, a P/E ratio of 6.56 and a beta of 0.59. The company's 50-day moving average price is $14.35 and its 200 day moving average price is $13.39. Inpex has a twelve month low of $11.27 and a twelve month high of $17.28.

Inpex (OTCMKTS:IPXHY - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.56 earnings per share (EPS) for the quarter. The company had revenue of $3.54 billion for the quarter. Inpex had a net margin of 20.57% and a return on equity of 9.05%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.