International Petroleum Co. (OTCMKTS:IPCFF) Short Interest Down 48.9% in July

International Petroleum Co. (OTCMKTS:IPCFF – Get Free Report) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 490,204 shares, a decrease of 48.9% from the July 15th total of 958,721 shares. Based on an average daily volume of 22,732 shares, the days-to-cover ratio is presently 21.6 days.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised International Petroleum from a “sector perform” rating to an “outperform” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Get International Petroleum alerts:

Read Our Latest Stock Analysis on International Petroleum

International Petroleum Stock Performance

International Petroleum stock traded up $0.36 during mid-day trading on Tuesday, hitting $24.61. The company’s stock had a trading volume of 1,733 shares, compared to its average volume of 22,554. The business has a 50 day moving average price of $22.53 and a 200-day moving average price of $24.20. International Petroleum has a 12 month low of $14.91 and a 12 month high of $28.34.

About International Petroleum

(Get Free Report)

International Petroleum Corporation (OTCMKTS: IPCFF) is an independent upstream oil and gas company focused on acquiring, exploring, developing and producing hydrocarbon assets in Southeast Asia and Europe. Headquartered in Singapore, the company builds value through selective exploration and development projects that leverage its operational expertise and strategic partnerships.

The company’s core producing assets are located offshore in the Gulf of Thailand, where it holds interests in the S1 and S2 concessions.

Featured Stories

• Five stocks we like better than International Petroleum
• The AI Boom Is Turning This Cable Maker Into a Stock to Watch
• A Star Investor Just Trimmed Amazon—Here’s What It means
• Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
• Home Depot Analysts See a Path to $375 and Beyond

Receive News & Ratings for International Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.