Short Interest in InPlay Oil Corp. (OTCMKTS:IPOOF) Increases By 6.9%

InPlay Oil Corp. (OTCMKTS:IPOOF) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 494,000 shares, a growth of 6.9% from the January 15th total of 462,300 shares. Based on an average daily volume of 82,900 shares, the days-to-cover ratio is currently 6.0 days.

InPlay Oil Price Performance

IPOOF stock traded down $0.00 during mid-day trading on Monday, reaching $1.21. 4,704 shares of the company’s stock were exchanged, compared to its average volume of 62,504. The company has a market cap of $109.88 million, a price-to-earnings ratio of 8.62 and a beta of 1.57. The stock’s 50 day moving average is $1.18 and its 200 day moving average is $1.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.61 and a quick ratio of 0.45. InPlay Oil has a 12-month low of $1.07 and a 12-month high of $1.99.

InPlay Oil Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be given a dividend of $0.0103 per share. The ex-dividend date is Friday, February 14th. This represents a yield of 10.47%. InPlay Oil’s dividend payout ratio is currently 92.86%.

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.