International Petroleum Co. (OTCMKTS:IPCFF) Short Interest Up 22.9% in February

International Petroleum Co. (OTCMKTS:IPCFF) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 444,400 shares, an increase of 22.9% from the January 31st total of 361,700 shares. Based on an average daily volume of 14,000 shares, the days-to-cover ratio is currently 31.7 days.

International Petroleum Price Performance

OTCMKTS:IPCFF remained flat at $13.29 during trading hours on Thursday. The company’s stock had a trading volume of 8,806 shares, compared to its average volume of 10,301. International Petroleum has a 52 week low of $9.58 and a 52 week high of $14.96. The company’s 50 day moving average is $13.19 and its 200 day moving average is $12.47.

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.