Short Interest in InPlay Oil Corp. (OTCMKTS:IPOOF) Decreases By 14.6%

InPlay Oil Corp. (OTCMKTS:IPOOF) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 96,100 shares, a decrease of 14.6% from the March 15th total of 112,500 shares. Based on an average daily trading volume, of 153,900 shares, the short-interest ratio is currently 0.6 days.

InPlay Oil Price Performance

IPOOF stock opened at $1.79 on Tuesday. InPlay Oil has a 1 year low of $1.49 and a 1 year high of $2.20. The company has a market cap of $163.09 million, a P/E ratio of 5.42 and a beta of 1.61. The firm has a 50-day moving average of $1.73 and a 200 day moving average of $1.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.93 and a quick ratio of 0.68.

InPlay Oil (OTCMKTS:IPOOF) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $34.99 million for the quarter, compared to analysts’ expectations of $35.93 million. InPlay Oil had a net margin of 18.60% and a return on equity of 14.11%. On average, sell-side analysts forecast that InPlay Oil will post 0.21 EPS for the current year.

InPlay Oil Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a $0.0111 dividend. This represents a yield of 7.21%. The ex-dividend date is Friday, April 12th. This is a boost from InPlay Oil’s previous dividend of $0.01. InPlay Oil’s dividend payout ratio is 39.39%.

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.