Short Interest in InPlay Oil Corp. (OTCMKTS:IPOOF) Rises By 26.2%

Posted by Brenda Bartman on Nov 15th, 2024

InPlay Oil Corp. (OTCMKTS:IPOOF – Get Free Report) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 319,600 shares, a growth of 26.2% from the October 15th total of 253,300 shares. Based on an average daily volume of 68,200 shares, the short-interest ratio is currently 4.7 days.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on IPOOF

InPlay Oil Price Performance

Shares of OTCMKTS:IPOOF traded down $0.04 during trading on Friday, reaching $1.25. 18,777 shares of the company traded hands, compared to its average volume of 45,698. 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 $1.22 and a 52 week high of $1.99. The firm has a market capitalization of $112.20 million, a PE ratio of 6.23 and a beta of 1.62. The company’s 50 day moving average is $1.43 and its two-hundred day moving average is $1.56.

InPlay Oil (OTCMKTS:IPOOF – Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $30.30 million during the quarter, compared to the consensus estimate of $30.58 million. InPlay Oil had a return on equity of 8.94% and a net margin of 15.05%. As a group, sell-side analysts predict that InPlay Oil will post 0.14 earnings per share for the current year.

InPlay Oil Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a $0.0108 dividend. This represents a dividend yield of 10.5%. The ex-dividend date is Friday, November 15th. InPlay Oil’s dividend payout ratio is currently 65.00%.

About InPlay Oil

(Get Free Report)

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.