Short Interest in Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Grows By 820.7%

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 7,946 shares, an increase of 820.7% from the July 30th total of 863 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,808 shares, the days-to-cover ratio is currently 2.1 days.

Idemitsu Kosan Co.,Ltd. Price Performance

Idemitsu Kosan Co.,Ltd. stock traded up $0.55 during trading on Tuesday, reaching $18.45. The company had a trading volume of 161 shares, compared to its average volume of 2,133. The firm’s 50-day simple moving average is $15.88 and its 200 day simple moving average is $17.44. Idemitsu Kosan Co.,Ltd. has a 1-year low of $12.36 and a 1-year high of $21.05.

About Idemitsu Kosan Co.,Ltd.

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.