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

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

InPlay Oil Stock Up 2.1 %

OTCMKTS:IPOOF traded up $0.11 on Friday, hitting $5.09. The stock had a trading volume of 9,439 shares, compared to its average volume of 64,221. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.19. InPlay Oil has a 52 week low of $0.89 and a 52 week high of $1.85. The business's fifty day moving average is $2.01 and its 200 day moving average is $1.50. The company has a market cap of $570.71 million, a PE ratio of 36.33 and a beta of 0.82.

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

InPlay Oil Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th were paid a $0.0105 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This is an increase from InPlay Oil's previous dividend of $0.01. This represents a dividend yield of 14.05%. InPlay Oil's dividend payout ratio is 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.