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

InPlay Oil Corp. (OTCMKTS:IPOOF) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 236,400 shares, a growth of 31.2% from the May 15th total of 180,200 shares. Based on an average daily volume of 98,800 shares, the short-interest ratio is presently 2.4 days.

InPlay Oil Stock Performance

OTCMKTS IPOOF traded down $0.01 during trading on Friday, reaching $1.60. 13,226 shares of the company’s stock were exchanged, compared to its average volume of 49,971. InPlay Oil has a fifty-two week low of $1.49 and a fifty-two week high of $2.20. The stock has a market capitalization of $145.78 million, a P/E ratio of 8.00 and a beta of 1.48. The business has a 50 day moving average price of $1.72 and a 200-day moving average price of $1.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.68 and a quick ratio of 0.53.

InPlay Oil (OTCMKTS:IPOOF) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). InPlay Oil had a net margin of 14.56% and a return on equity of 8.67%. The business had revenue of $28.19 million during the quarter, compared to the consensus estimate of $33.37 million. Sell-side analysts forecast that InPlay Oil will post 0.12 earnings per share for the current fiscal year.

InPlay Oil Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be paid a dividend of $0.011 per share. This represents a dividend yield of 8.36%. The ex-dividend date is Friday, June 14th. This is a boost from InPlay Oil’s previous dividend of $0.01. InPlay Oil’s dividend payout ratio (DPR) is currently 65.00%.

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.