Short Interest in Inpex Corp. (OTCMKTS:IPXHY) Drops By 57.8%

Inpex Corp. (OTCMKTS:IPXHY – Get Free Report) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 21,082 shares, a decline of 57.8% from the April 15th total of 49,961 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 127,830 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Nomura upgraded Inpex to a “hold” rating in a research note on Friday, February 20th. Sanford C. Bernstein upgraded Inpex from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

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Inpex Stock Performance

Inpex stock traded up $0.22 during midday trading on Friday, reaching $25.13. The stock had a trading volume of 21,824 shares, compared to its average volume of 55,549. Inpex has a 12 month low of $12.91 and a 12 month high of $31.10. The firm’s 50-day moving average price is $26.71 and its 200 day moving average price is $22.99. The firm has a market capitalization of $29.81 billion, a PE ratio of 11.91 and a beta of 0.17. The company has a quick ratio of 1.24, a current ratio of 1.32 and a debt-to-equity ratio of 0.14.

Inpex (OTCMKTS:IPXHY – Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.60 earnings per share (EPS) for the quarter. Inpex had a return on equity of 7.55% and a net margin of 19.02%.The business had revenue of $3.20 billion for the quarter.

Inpex Company Profile

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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.

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