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

InPlay Oil Corp. (OTCMKTS:IPOOF) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 401,600 shares, a decrease of 7.5% from the November 15th total of 434,200 shares. Based on an average daily trading volume, of 65,800 shares, the short-interest ratio is presently 6.1 days.

InPlay Oil Stock Performance

Shares of InPlay Oil stock opened at $1.13 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.19. InPlay Oil has a twelve month low of $1.13 and a twelve month high of $1.99. The stock has a market cap of $102.06 million, a price-to-earnings ratio of 8.09 and a beta of 1.60. The company’s fifty day moving average is $1.34 and its 200 day moving average is $1.49.

InPlay Oil Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.0107 per share. The ex-dividend date is Monday, December 16th. This represents a yield of 10.99%. InPlay Oil’s dividend payout ratio (DPR) is currently 92.86%.

Analysts Set New Price Targets

Separately, Noble Financial upgraded shares of 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.