InPlay Oil Corp. (OTCMKTS:IPOOF) Sees Large Decline in Short Interest

InPlay Oil Corp. (OTCMKTS:IPOOF) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 401,600 shares, a drop of 7.5% from the November 15th total of 434,200 shares. Based on an average daily volume of 65,800 shares, the days-to-cover ratio is currently 6.1 days.

Wall Street Analysts Forecast Growth

Separately, Noble Financial raised InPlay Oil to a “strong-buy” rating in a research note on Monday, October 7th.

InPlay Oil Trading Down 2.3 %

Shares of OTCMKTS:IPOOF opened at $1.13 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.19. InPlay Oil has a 12-month low of $1.13 and a 12-month high of $1.99. The business has a 50 day moving average of $1.34 and a 200-day moving average of $1.49. The stock has a market cap of $102.06 million, a PE ratio of 8.09 and a beta of 1.60.

InPlay Oil Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.0107 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a dividend yield of 10.99%. InPlay Oil’s payout ratio is 92.86%.

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.