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 the month of January. As of January 15th, there was short interest totalling 462,300 shares, a growth of 19.4% from the December 31st total of 387,300 shares. Based on an average trading volume of 135,900 shares, the short-interest ratio is currently 3.4 days.

InPlay Oil Stock Down 2.2 %

Shares of InPlay Oil stock traded down $0.03 during midday trading on Monday, hitting $1.12. The company had a trading volume of 216,074 shares, compared to its average volume of 62,127. 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 stock has a market capitalization of $100.93 million, a P/E ratio of 8.00 and a beta of 1.59. The company has a 50 day moving average of $1.20 and a 200 day moving average of $1.39. InPlay Oil has a 52-week low of $1.07 and a 52-week high of $1.99.

InPlay Oil Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a $0.0104 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a dividend yield of 9.91%. InPlay Oil’s payout ratio is currently 85.71%.

Wall Street Analyst Weigh In

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

InPlay Oil Company Profile

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.