Cathedral Energy Services Ltd. (OTCMKTS:CETEF) Sees Significant Drop in Short Interest

Cathedral Energy Services Ltd. (OTCMKTS:CETEF) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 20,000 shares, a decline of 78.6% from the November 30th total of 93,600 shares. Based on an average daily volume of 9,900 shares, the days-to-cover ratio is currently 2.0 days.

Cathedral Energy Services Trading Down 0.9 %

OTCMKTS CETEF traded down C$0.04 during trading on Friday, reaching C$4.38. 1,214 shares of the company’s stock traded hands, compared to its average volume of 2,920. The company’s 50 day simple moving average is C$4.44 and its two-hundred day simple moving average is C$3.87. Cathedral Energy Services has a 12-month low of C$3.64 and a 12-month high of C$5.02.

About Cathedral Energy Services

Cathedral Energy Services Ltd., together with its subsidiaries, provides directional drilling services to oil and natural gas companies in western Canada and the United States. It offers remote directional and measurement-while-drilling (MWD), automated gamma, drilling optimization, and well planning services.