Short Interest in International Petroleum Co. (OTCMKTS:IPCFF) Increases By 30.3%

International Petroleum Co. (OTCMKTS:IPCFF) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 579,100 shares, an increase of 30.3% from the February 13th total of 444,400 shares. Based on an average daily trading volume, of 15,200 shares, the days-to-cover ratio is presently 38.1 days.

International Petroleum Stock Performance

Shares of OTCMKTS IPCFF traded up $0.32 during midday trading on Monday, reaching $14.04. 13,177 shares of the stock were exchanged, compared to its average volume of 9,992. International Petroleum has a 52-week low of $9.58 and a 52-week high of $14.96. The stock has a 50 day moving average price of $13.47 and a 200-day moving average price of $12.41.

International Petroleum Company Profile

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.