CES Energy Solutions Corp. (OTCMKTS:CESDF) Sees Significant Increase in Short Interest

CES Energy Solutions Corp. (OTCMKTS:CESDF) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 1,106,600 shares, a growth of 102.7% from the July 30th total of 545,934 shares. Based on an average trading volume of 81,094 shares, the days-to-cover ratio is presently 13.6 days.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CESDF. Royal Bank Of Canada reiterated an “outperform” rating on shares of CES Energy Solutions in a report on Monday, May 11th. TD Securities reissued a “hold” rating on shares of CES Energy Solutions in a report on Friday, May 8th. BMO Capital Markets reissued an “outperform” rating on shares of CES Energy Solutions in a research note on Friday, August 7th. National Bank Financial upgraded CES Energy Solutions from a “sector perform” rating to an “outperform” rating in a report on Friday, August 7th. Finally, Scotiabank reiterated an “outperform” rating on shares of CES Energy Solutions in a report on Monday, August 10th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

CES Energy Solutions Price Performance

Shares of CESDF stock opened at $13.15 on Monday. CES Energy Solutions has a fifty-two week low of $5.84 and a fifty-two week high of $14.25. The stock’s fifty day moving average price is $12.29 and its two-hundred day moving average price is $12.62.

CES Energy Solutions Company Profile

CES Energy Solutions Corp. is a North American provider of specialty chemical solutions and services to the oil and gas industry. The company develops, manufactures and markets a comprehensive range of products used in drilling, completion, production and environmental applications. These offerings include drilling and completion fluids, production chemicals, proppants and solids control equipment, all designed to optimize well performance and minimize environmental impact.

Headquartered in Calgary, Alberta, CES Energy Solutions operates a network of manufacturing, blending and distribution facilities across Canada and the United States.