InPlay Oil Corp. (OTCMKTS:IPOOF) Short Interest Update

InPlay Oil Corp. (OTCMKTS:IPOOF - Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 253,300 shares, an increase of 7.2% from the September 30th total of 236,300 shares. Based on an average daily trading volume, of 71,800 shares, the short-interest ratio is presently 3.5 days.

Wall Street Analysts Forecast Growth

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

InPlay Oil Stock Down 1.4 %

OTCMKTS:IPOOF traded down $0.02 on Thursday, hitting $1.38. The stock had a trading volume of 98,649 shares, compared to its average volume of 45,138. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. InPlay Oil has a 52 week low of $1.34 and a 52 week high of $1.99. The business's fifty day moving average is $1.50 and its 200 day moving average is $1.60. The company has a market cap of $124.36 million, a PE ratio of 7.00 and a beta of 1.60.

InPlay Oil (OTCMKTS:IPOOF - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. InPlay Oil had a return on equity of 8.94% and a net margin of 15.05%. The business had revenue of $30.30 million during the quarter, compared to analyst estimates of $30.58 million. On average, equities research analysts expect that InPlay Oil will post 0.14 EPS for the current fiscal year.

InPlay Oil Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be given a $0.0111 dividend. This is an increase from InPlay Oil's previous dividend of $0.01. This represents a yield of 8.62%. The ex-dividend date is Tuesday, October 15th. InPlay Oil's dividend payout ratio (DPR) is currently 65.00%.

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.