Short Interest in International Petroleum Co. (OTCMKTS:IPCFF) Expands By 19.6%

International Petroleum Co. (OTCMKTS:IPCFF) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 517,800 shares, an increase of 19.6% from the August 31st total of 433,000 shares. Based on an average daily volume of 4,000 shares, the short-interest ratio is presently 129.5 days.

International Petroleum Trading Down 3.7 %

Shares of OTCMKTS:IPCFF traded down $0.45 during midday trading on Monday, reaching $11.85. 1,500 shares of the company’s stock traded hands, compared to its average volume of 5,544. The company has a fifty day simple moving average of $13.62 and a two-hundred day simple moving average of $13.25. International Petroleum has a 1 year low of $8.58 and a 1 year high of $14.96.

About International Petroleum

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.