Inpex Co. (OTCMKTS:IPXHY) Short Interest Update

Inpex Co. (OTCMKTS:IPXHY - Get Free Report) experienced a notable increase in short interest during February. As of February 15th, the total short interest reached 76,700 shares, marking an impressive growth of 813.1% when compared to the January 31st figure of 8,400 shares. Given the average daily trading volume of 292,600 shares, the current days-to-cover ratio stands at 0.3 days.

Inpex Price Performance

On Thursday, IPXHY stock saw a decline of $0.14, bringing the price to $12.36 during midday trading. The trading volume for the day was 95,348 shares, which is lower than its average volume of 164,528 shares. The company has a 50-day moving average price of $12.42, while the 200-day moving average stands at $13.18. Financially, Inpex maintains a debt-to-equity ratio of 0.18, a current ratio of 1.29, and a quick ratio of 1.22. With a market capitalization of $15.42 billion, the firm has a P/E ratio of 5.44 and a beta of 0.93. The stock has fluctuated between a one-year low of $11.45 and a high of $17.42.

Inpex last reported its quarterly earnings on February 13th. The company disclosed earnings per share of $0.74 for the quarter. Furthermore, Inpex demonstrated a net margin of 18.86% and a return on equity of 8.73%. The reported revenue for the quarter was $3.40 billion.

Inpex Company Profile

Inpex Corporation engages in a variety of activities including the research, exploration, development, production, and sale of oil, natural gas, and other mineral resources. Its operations span Japan, other parts of Asia and Oceania, Europe, NIS countries, the Middle East, Africa, and the Americas. Additionally, Inpex invests in and lends to other companies working within the mineral resources sector.

Should You Consider Investing in Inpex?

Before making an investment decision regarding Inpex, it's important to gather insights. Market analysts regularly provide recommendations about top-performing stocks. Currently, Inpex holds a Hold rating among analysts, suggesting there may be better investment opportunities available. Potential investors are encouraged to review which stocks top analysts believe are worthy of investment.

Inpex, Stock, Earnings