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

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

IPOOF stock opened at $1.11 on Wednesday. The stock’s 50 day moving average price is $1.33 and its 200 day moving average price is $1.49. The firm has a market cap of $99.76 million, a P/E ratio of 8.09 and a beta of 1.60. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.45 and a current ratio of 0.61. InPlay Oil has a 1 year low of $1.08 and a 1 year high of $1.99.

InPlay Oil Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.0107 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a dividend yield of 10.99%. InPlay Oil’s dividend payout ratio (DPR) is presently 92.86%.

Analyst Upgrades and Downgrades

Separately, Noble Financial raised InPlay Oil to a “strong-buy” rating in a report on Monday, October 7th.

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.