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

InPlay Oil Corp. (OTCMKTS:IPOOF - Get Free Report) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 401,600 shares, a decrease of 7.5% from the November 15th total of 434,200 shares. Based on an average daily trading volume, of 65,800 shares, the days-to-cover ratio is currently 6.1 days.

Wall Street Analysts Forecast Growth

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

InPlay Oil Stock Down 3.2 %

Shares of OTCMKTS:IPOOF traded down $0.04 during trading on Monday, hitting $1.13. The company's stock had a trading volume of 150,273 shares, compared to its average volume of 46,959. InPlay Oil has a fifty-two week low of $1.13 and a fifty-two week high of $1.99. The business has a 50 day moving average price of $1.34 and a two-hundred day moving average price of $1.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.45 and a current ratio of 0.61. The company has a market capitalization of $102.06 million, a PE ratio of 8.36 and a beta of 1.60.

InPlay Oil Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid 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 payout ratio is 92.86%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.