Short Interest in InPlay Oil Corp. (OTCMKTS:IPOOF) Expands By 109.5%

InPlay Oil Corp. (OTCMKTS:IPOOF) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 872,000 shares, an increase of 109.5% from the February 13th total of 416,300 shares. Based on an average trading volume of 175,100 shares, the short-interest ratio is presently 5.0 days. Approximately 1.0% of the company’s shares are short sold.

InPlay Oil Trading Down 0.9 %

OTCMKTS IPOOF traded down $0.01 during mid-day trading on Friday, hitting $1.10. The company’s stock had a trading volume of 6,218 shares, compared to its average volume of 63,715. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.61 and a quick ratio of 0.45. InPlay Oil has a 52-week low of $1.02 and a 52-week high of $1.99. The stock’s fifty day simple moving average is $1.17 and its two-hundred day simple moving average is $1.30. The firm has a market capitalization of $100.18 million, a P/E ratio of 7.86 and a beta of 1.45.

InPlay Oil Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.0104 dividend. This is a boost from InPlay Oil’s previous dividend of $0.01. This represents a yield of 11.57%. The ex-dividend date of this dividend is Friday, March 14th. InPlay Oil’s dividend payout ratio is presently 85.71%.

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.