International Petroleum Co. (OTCMKTS:IPCFF) Sees Large Increase in Short Interest

International Petroleum Co. (OTCMKTS:IPCFF) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 425,200 shares, an increase of 10.4% from the March 31st total of 385,000 shares. Based on an average trading volume of 7,400 shares, the days-to-cover ratio is presently 57.5 days.

International Petroleum Price Performance

Shares of OTCMKTS IPCFF traded down $0.52 during trading on Wednesday, hitting $12.48. The company had a trading volume of 984 shares, compared to its average volume of 6,354. The business’s 50-day moving average is $11.91 and its 200 day moving average is $11.23. International Petroleum has a 52 week low of $7.69 and a 52 week high of $13.16.

International Petroleum Company Profile

International Petroleum Corporation explores for, develops, and produces oil and gas. The company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. International Petroleum Corporation was incorporated in 2017 and is based in Vancouver, Canada.