InPlay Oil Corp. (OTCMKTS:IPOOF) Sees Significant Increase in Short Interest

InPlay Oil Corp. (OTCMKTS:IPOOF) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 872,000 shares, a growth of 109.5% from the February 13th total of 416,300 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 175,100 shares, the days-to-cover ratio is presently 5.0 days.

InPlay Oil Stock Performance

IPOOF stock opened at $1.11 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.61 and a quick ratio of 0.45. InPlay Oil has a 1 year low of $1.02 and a 1 year high of $1.99. The company has a market cap of $100.63 million, a P/E ratio of 7.89 and a beta of 1.45. The stock’s fifty day moving average price is $1.17 and its 200-day moving average price is $1.29.

InPlay Oil (OTCMKTS:IPOOF) last released its quarterly earnings results on Friday, March 14th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. InPlay Oil had a return on equity of 6.39% and a net margin of 11.66%. The business had revenue of $27.82 million during the quarter, compared to the consensus estimate of $38.59 million. On average, equities analysts forecast that InPlay Oil will post 0.08 earnings per share for the current year.

InPlay Oil Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.0104 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from InPlay Oil’s previous dividend of $0.01. This represents a yield of 11.57%. InPlay Oil’s dividend payout ratio (DPR) is presently 85.71%.

About InPlay Oil

InPlay Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in Canada. The company produces and sells crude oil, natural gas, and natural gas liquids. It focuses on light oil asset base located in West Central, Alberta. InPlay Oil Corp.