InPlay Oil Corp. (OTCMKTS:IPOOF – Get Rating) was the recipient of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 227,700 shares, a growth of 102.0% from the July 31st total of 112,700 shares. Based on an average daily volume of 212,800 shares, the days-to-cover ratio is currently 1.1 days.

Analyst Ratings Changes

Separately, Canaccord Genuity Group started coverage on shares of InPlay Oil in a research report on Thursday. They issued a "buy" rating and a C$6.25 price objective for the company.

InPlay Oil Stock Performance

Shares of OTCMKTS IPOOF traded down $0.08 during midday trading on Friday, reaching $2.82. 33,845 shares of the stock were exchanged, compared to its average volume of 246,651. The firm has a market cap of $245.70 million, a price-to-earnings ratio of 2.61 and a beta of 1.86. InPlay Oil has a twelve month low of $0.80 and a twelve month high of $4.07. The firm has a 50-day simple moving average of $2.44 and a two-hundred day simple moving average of $2.80. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 0.13.

InPlay Oil Company Profile

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 primarily holds interests in the Cardium assets located in West Central Alberta that focus on the Pembina and Willesden Green pools.

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