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

Western Energy Services Corp. (OTCMKTS:WEEEF) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 1,013 shares, an increase of 160.4% from the October 15th total of 389 shares. Based on an average trading volume of 132 shares, the days-to-cover ratio is currently 7.7 days. Approximately 0.0% of the company’s shares are short sold.

Western Energy Services Stock Performance

WEEEF remained flat at $2.70 during trading on Friday. 276 shares of the company’s stock were exchanged, compared to its average volume of 283. The firm has a fifty day moving average of $2.57 and a two-hundred day moving average of $2.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.63 and a quick ratio of 1.63. Western Energy Services has a 12-month low of $1.45 and a 12-month high of $2.90. The firm has a market cap of $91.39 million, a price-to-earnings ratio of -6.14 and a beta of 0.03.

Western Energy Services (OTCMKTS:WEEEF) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $41.08 million for the quarter. Western Energy Services had a positive return on equity of 1.66% and a negative net margin of 9.81%.

About Western Energy Services

Western Energy Services Corp. is a Canadian oilfield services company that provides contract drilling and well-servicing solutions to oil and natural gas exploration and production companies. Its operations support the drilling, completion, workover and maintenance of wells, primarily in Western Canada. The company operates through businesses including Horizon Drilling, which provides contract drilling services using a fleet of land-based drilling rigs, and Eagle Well Servicing, which provides well-servicing and workover services.