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

InPlay Oil Corp. (OTCMKTS:IPOOFGet Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 180,200 shares, an increase of 25.3% from the April 30th total of 143,800 shares. Based on an average daily trading volume, of 83,800 shares, the short-interest ratio is currently 2.2 days.

InPlay Oil Price Performance

Shares of OTCMKTS:IPOOF remained flat at $1.68 during midday trading on Friday. The company had a trading volume of 31,077 shares, compared to its average volume of 46,043. InPlay Oil has a 12-month low of $1.49 and a 12-month high of $2.20. The stock has a market capitalization of $153.06 million, a PE ratio of 8.40 and a beta of 1.57. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average is $1.75 and its 200-day moving average is $1.71.

InPlay Oil (OTCMKTS:IPOOFGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $28.19 million during the quarter, compared to analyst estimates of $33.37 million. InPlay Oil had a return on equity of 8.70% and a net margin of 14.56%. As a group, sell-side analysts forecast that InPlay Oil will post 0.12 EPS for the current year.

InPlay Oil Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.0109 per share. The ex-dividend date was Tuesday, May 14th. This represents a yield of 7.61%. InPlay Oil’s dividend payout ratio (DPR) is 65.00%.

About InPlay Oil

(Get Free Report)

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.

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