Inpex Corp. (OTCMKTS:IPXHY) Short Interest Down 54.3% in July

Inpex Corp. (OTCMKTS:IPXHY) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 26,032 shares, a decline of 54.3% from the July 15th total of 56,923 shares. Based on an average daily volume of 126,049 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research upgraded Inpex to a “hold” rating in a report on Thursday, June 4th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Inpex Trading Up 0.3%

IPXHY stock traded up $0.08 during trading on Monday, reaching $23.83. 21,221 shares of the stock were exchanged, compared to its average volume of 67,821. The company has a current ratio of 1.24, a quick ratio of 1.17 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $21.65 and a 200-day moving average price of $23.98. Inpex has a 1 year low of $15.56 and a 1 year high of $31.10. The firm has a market capitalization of $28.27 billion, a price-to-earnings ratio of 10.01 and a beta of 0.13.

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.