Inpex Corp. (OTCMKTS:IPXHY) Short Interest Down 66.1% in December

Inpex Corp. (OTCMKTS:IPXHY) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totaling 37,746 shares, a decrease of 66.1% from the December 15th total of 111,313 shares. Based on an average daily trading volume, of 98,024 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 98,024 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

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

Inpex Trading Up 1.8%

Shares of IPXHY opened at $20.33 on Tuesday. Inpex has a fifty-two week low of $11.27 and a fifty-two week high of $22.00. The company has a market capitalization of $25.37 billion, a PE ratio of 8.51 and a beta of 0.39. The stock has a fifty day moving average of $20.09 and a two-hundred day moving average of $17.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.40 and a current ratio of 1.49.

Inpex (OTCMKTS:IPXHY) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.40 EPS for the quarter. Inpex had a return on equity of 8.85% and a net margin of 21.08%.The business had revenue of $3.20 billion during 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.