Short Interest in InPlay Oil Corp. (OTCMKTS:IPOOF) Decreases By 35.6%

InPlay Oil Corp. (OTCMKTS:IPOOF - Get Free Report) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 757,500 shares, a decline of 35.6% from the March 31st total of 1,177,100 shares. Currently, 0.7% of the company's stock are sold short. Based on an average daily trading volume, of 172,600 shares, the days-to-cover ratio is presently 4.4 days.

InPlay Oil Stock Down 0.7 %

OTCMKTS:IPOOF opened at $5.36 on Tuesday. The business's fifty day moving average price is $1.69 and its 200 day moving average price is $1.40. The firm has a market capitalization of $601.47 million, a price-to-earnings ratio of 38.29 and a beta of 0.82. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.19. InPlay Oil has a 1-year low of $0.89 and a 1-year high of $1.85.

InPlay Oil (OTCMKTS:IPOOF - Get Free Report) last issued its earnings results on Friday, March 14th. The company reported $0.03 earnings per share for the quarter, meeting analysts' consensus estimates of $0.03. The company had revenue of $27.82 million for the quarter, compared to the consensus estimate of $38.59 million. InPlay Oil had a return on equity of 6.39% and a net margin of 11.66%. On average, sell-side analysts forecast that InPlay Oil will post 0.08 earnings per share for the current fiscal year.

InPlay Oil Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.0105 dividend. This is an increase from InPlay Oil's previous dividend of $0.01. The ex-dividend date is Tuesday, April 15th. This represents a yield of 14.05%. 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.

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