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

InPlay Oil Corp. (OTCMKTS:IPOOF) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 416,300 shares, a drop of 15.7% from the January 31st total of 494,000 shares. Based on an average daily volume of 105,300 shares, the days-to-cover ratio is currently 4.0 days.

InPlay Oil Stock Up 1.8 %

Shares of InPlay Oil stock traded up $0.02 during trading on Wednesday, hitting $1.08. 168,876 shares of the stock were exchanged, compared to its average volume of 70,182. The firm’s 50-day moving average price is $1.18 and its 200 day moving average price is $1.32. InPlay Oil has a 12-month low of $1.02 and a 12-month high of $1.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.61 and a quick ratio of 0.45. The stock has a market cap of $97.90 million, a price-to-earnings ratio of 7.68 and a beta of 1.45.

InPlay Oil Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were given a $0.0103 dividend. The ex-dividend date was Friday, February 14th. This represents a dividend yield of 10.47%. InPlay Oil’s dividend payout ratio is currently 85.71%.

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.