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

InPlay Oil Corp. (OTCMKTS:IPOOF) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 253,300 shares, a growth of 7.2% from the September 30th total of 236,300 shares. Based on an average daily volume of 71,800 shares, the short-interest ratio is currently 3.5 days.

InPlay Oil Trading Down 1.4 %

InPlay Oil stock opened at $1.38 on Friday. InPlay Oil has a 12-month low of $1.34 and a 12-month high of $1.99. The firm has a market capitalization of $124.36 million, a price-to-earnings ratio of 7.00 and a beta of 1.60. The firm has a 50 day moving average of $1.50 and a 200 day moving average of $1.60. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 0.19.

InPlay Oil (OTCMKTS:IPOOF) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. InPlay Oil had a net margin of 15.05% and a return on equity of 8.94%. The firm had revenue of $30.30 million during the quarter, compared to analysts’ expectations of $30.58 million. As a group, research analysts predict that InPlay Oil will post 0.14 earnings per share for the current year.

InPlay Oil Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a dividend of $0.0111 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a dividend yield of 8.62%. This is a boost from InPlay Oil’s previous dividend of $0.01. InPlay Oil’s dividend payout ratio (DPR) is currently 65.00%.

Analyst Ratings Changes

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

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.