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

InPlay Oil Corp. (OTCMKTS:IPOOF) was the target of a significant decrease in short interest in the month of 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 trading volume of 65,800 shares, the days-to-cover ratio is presently 6.1 days.

Analyst Ratings Changes

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

InPlay Oil Stock Performance

OTCMKTS:IPOOF traded down $0.04 during midday trading on Monday, reaching $1.13. The stock had a trading volume of 150,273 shares, compared to its average volume of 46,959. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.19. The stock has a market cap of $102.06 million, a P/E ratio of 8.36 and a beta of 1.60. The firm has a fifty day simple moving average of $1.34 and a two-hundred day simple moving average of $1.49. InPlay Oil has a 12-month low of $1.13 and a 12-month high of $1.99.

InPlay Oil Cuts Dividend

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

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.