Western Energy Services Corp. (OTCMKTS:WEEEF) Short Interest Down 84.4% in August

Western Energy Services Corp. (OTCMKTS:WEEEF) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 37 shares, a decline of 84.4% from the July 30th total of 237 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 949 shares, the days-to-cover ratio is presently 0.0 days.

Western Energy Services Stock Performance

WEEEF opened at $2.39 on Wednesday. The stock has a market capitalization of $80.90 million, a price-to-earnings ratio of -4.35 and a beta of 0.22. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.32. Western Energy Services has a twelve month low of $1.45 and a twelve month high of $2.60. The company has a 50-day simple moving average of $2.34 and a 200 day simple moving average of $2.22.

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

Western Energy Services Company Profile

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.