InPlay Oil Corp. (OTCMKTS:IPOOF) Short Interest Up 23.9% in March

InPlay Oil Corp. (OTCMKTS:IPOOF) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,080,100 shares, a growth of 23.9% from the February 28th total of 872,000 shares. Based on an average daily volume of 129,600 shares, the short-interest ratio is currently 8.3 days. Approximately 1.2% of the shares of the company are sold short.

InPlay Oil Stock Performance

Shares of InPlay Oil stock traded down $0.00 during trading hours on Tuesday, reaching $1.13. 26,764 shares of the stock traded hands, compared to its average volume of 59,615. The company has a 50 day moving average price of $1.15 and a 200 day moving average price of $1.26. InPlay Oil has a one year low of $1.02 and a one year 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 $103.23 million, a price-to-earnings ratio of 8.10 and a beta of 1.45.

InPlay Oil (OTCMKTS:IPOOF) last announced its earnings results on Friday, March 14th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. InPlay Oil had a net margin of 11.66% and a return on equity of 6.39%. The company had revenue of $27.82 million during the quarter, compared to analyst estimates of $38.59 million. On average, equities research analysts expect that InPlay Oil will post 0.08 earnings per share for the current fiscal year.

InPlay Oil Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.0104 dividend. This is a boost from InPlay Oil’s previous dividend of $0.01. The ex-dividend date was Friday, March 14th. This represents a yield of 11.57%. InPlay Oil’s dividend payout ratio is presently 150.00%.

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.