InPlay Oil Corp. (OTCMKTS:IPOOF) Short Interest Down 7.5% in November

InPlay Oil Corp. (OTCMKTS:IPOOF) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 401,600 shares, a drop 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.

InPlay Oil Price Performance

InPlay Oil stock opened at $1.11 on Wednesday. The firm has a fifty day moving average of $1.33 and a 200-day moving average of $1.49. InPlay Oil has a 52-week low of $1.08 and a 52-week high of $1.99. 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 firm has a market capitalization of $99.76 million, a P/E ratio of 8.09 and a beta of 1.60.

InPlay Oil Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.0107 dividend. The ex-dividend date is Monday, December 16th. This represents a yield of 10.99%. InPlay Oil’s dividend payout ratio is currently 92.86%.

Wall Street Analyst Weigh In

Separately, Noble Financial raised shares of InPlay Oil to a “strong-buy” rating in a research 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.