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

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) was the target of a large increase in short interest in 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. Based on an average daily trading volume, of 3,808 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.0% of the shares of the stock are short sold.

Idemitsu Kosan Co.,Ltd. Stock Performance

OTCMKTS:IDKOY traded up $0.55 during trading hours on Tuesday, reaching $18.45. The stock had a trading volume of 161 shares, compared to its average volume of 2,133. The company has a 50 day moving average price of $15.88 and a two-hundred day moving average price of $17.44. Idemitsu Kosan Co.,Ltd. has a 52 week low of $12.36 and a 52 week 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.