Short Interest in Inpex Corp. (OTCMKTS:IPXHY) Drops By 66.1%

Inpex Corp. (OTCMKTS:IPXHY) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 37,746 shares, a drop of 66.1% from the December 15th total of 111,313 shares. Based on an average daily trading volume, of 98,024 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 98,024 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

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

Inpex Stock Up 3.3%

Shares of Inpex stock traded up $0.67 during midday trading on Wednesday, hitting $20.68. The company’s stock had a trading volume of 47,427 shares, compared to its average volume of 40,595. Inpex has a 1-year low of $11.27 and a 1-year high of $22.00. The company has a quick ratio of 1.40, a current ratio of 1.49 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $25.81 billion, a P/E ratio of 8.65 and a beta of 0.39. The stock has a 50-day simple moving average of $20.12 and a 200-day simple moving average of $17.71.

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

About Inpex

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.