Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Sees Large Growth in Short Interest

by · The Cerbat Gem

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY – Get Free Report) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 2,217 shares, a growth of 1,251.8% from the November 30th total of 164 shares. Based on an average daily trading volume, of 4,741 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 4,741 shares, the days-to-cover ratio is presently 0.5 days.

Idemitsu Kosan Co.,Ltd. Stock Performance

Idemitsu Kosan Co.,Ltd. stock remained flat at $15.27 during midday trading on Thursday. Idemitsu Kosan Co.,Ltd. has a 12-month low of $10.73 and a 12-month high of $16.85. The business’s fifty day moving average is $14.35 and its two-hundred day moving average is $13.46.

Idemitsu Kosan Co.,Ltd. Company Profile

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Idemitsu Kosan Co, Ltd. is a Japanese energy company primarily engaged in the refining of crude oil and the production of petroleum products. Established in 1911 by Sazo Idemitsu, the company has grown into one of Japan’s leading refiners, supplying gasoline, diesel, jet fuel and kerosene to both industrial and retail customers. Its core refining operations are supported by a network of domestic refineries that process a wide range of crude oils.

In addition to its downstream refining business, Idemitsu Kosan manufactures petrochemical feedstocks used in the production of plastics, synthetic rubbers and other chemical intermediates.

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