Western Energy Services Corp. (OTCMKTS:WEEEF) Sees Large Growth in Short Interest

Western Energy Services Corp. (OTCMKTS:WEEEF) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 237 shares, an increase of 23,600.0% from the July 15th total of 1 shares. Based on an average daily trading volume, of 1,199 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Western Energy Services Price Performance

Shares of OTCMKTS:WEEEF remained flat at $2.36 during midday trading on Tuesday. 144 shares of the stock traded hands, compared to its average volume of 590. The stock has a fifty day moving average price of $2.34 and a 200-day moving average price of $2.16. Western Energy Services has a one year low of $1.45 and a one year high of $2.60. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $79.89 million, a P/E ratio of -4.29 and a beta of 0.22.

Western Energy Services (OTCMKTS:WEEEF) last posted its quarterly earnings results on Tuesday, July 28th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $27.87 million for the quarter. Western Energy Services had a negative return on equity of 0.18% and a negative net margin of 12.55%.

About Western Energy Services

Western Energy Services Corp (OTCMKTS:WEEEF) is a Calgary-based oilfield services company that offers well servicing and equipment rental solutions to upstream oil and gas operators. The company’s primary service lines include routine well servicing, snubbing and workover operations, and coiled tubing. Western Energy Services operates a fleet of well servicing rigs, snubbing units, and specialized rental equipment, such as compressor trucks and fracturing support equipment.

In its well servicing segment, the company provides mechanical maintenance, well intervention and completion support, including acidizing, nitrogen and hydraulic fracturing support services.