Short Interest in Western Energy Services Corp. (OTCMKTS:WEEEF) Drops By 33.5%

Western Energy Services Corp. (OTCMKTS:WEEEF) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 246 shares, a decrease of 33.5% from the May 14th total of 370 shares. Based on an average daily volume of 1,099 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Western Energy Services Price Performance

OTCMKTS:WEEEF opened at $2.38 on Tuesday. Western Energy Services has a one year low of $1.45 and a one year high of $2.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $80.39 million, a price-to-earnings ratio of -4.24 and a beta of 0.21. The firm’s fifty day moving average is $2.28 and its two-hundred day moving average is $1.93.

Western Energy Services (OTCMKTS:WEEEF) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $999.00 earnings per share for the quarter. The business had revenue of $40.28 million during the quarter. Western Energy Services had a negative net margin of 12.75% and a negative return on equity of 0.39%.

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.