Short Interest in InPlay Oil Corp. (OTCMKTS:IPOOF) Increases By 23.9%

InPlay Oil Corp. (OTCMKTS:IPOOF) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 1,080,100 shares, an increase of 23.9% from the February 28th total of 872,000 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 129,600 shares, the days-to-cover ratio is presently 8.3 days.

InPlay Oil Trading Down 0.0 %

Shares of OTCMKTS IPOOF opened at $1.13 on Thursday. The firm’s 50 day moving average price is $1.15 and its 200-day moving average price is $1.26. InPlay Oil has a 52-week low of $1.02 and a 52-week high of $1.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.45 and a current ratio of 0.61. The company has a market cap of $103.18 million, a PE ratio of 8.09 and a beta of 1.45.

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

InPlay Oil Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.0104 dividend. This represents a yield of 11.57%. This is an increase from InPlay Oil’s previous dividend of $0.01. The ex-dividend date was Friday, March 14th. InPlay Oil’s dividend payout ratio (DPR) is presently 150.00%.

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.