Inpex Corp. (OTCMKTS:IPXHY) Short Interest Up 99.6% in April

Inpex Corp. (OTCMKTS:IPXHY) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 49,961 shares, a growth of 99.6% from the March 31st total of 25,026 shares. Based on an average daily trading volume, of 122,533 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are sold short.

Inpex Stock Up 4.4%

OTCMKTS IPXHY traded up $1.09 during trading hours on Tuesday, hitting $25.76. 44,321 shares of the company were exchanged, compared to its average volume of 55,197. The company has a 50 day moving average of $26.44 and a two-hundred day moving average of $22.41. The firm has a market cap of $30.55 billion, a price-to-earnings ratio of 11.71 and a beta of 0.27. Inpex has a 52-week low of $12.14 and a 52-week high of $31.10. 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) last posted its earnings results on Thursday, February 12th. The company reported $0.55 earnings per share for the quarter. Inpex had a return on equity of 8.00% and a net margin of 19.53%.The firm had revenue of $3.19 billion during the quarter.

Wall Street Analyst Weigh In

IPXHY has been the topic of several analyst reports. Sanford C. Bernstein raised Inpex from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Nomura raised Inpex to a “hold” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.