Forbes Energy Services Ltd. (FES) Short Interest Up 34.9% in November
Forbes Energy Services Ltd. (NASDAQ:FES) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 750,262 shares, a growth of 34.9% from the October 31st total of 556,268 shares. Based on an average daily volume of 182,897 shares, the days-to-cover ratio is presently 4.1 days.
Shares of Forbes Energy Services (NASDAQ:FES) opened at 0.093 on Tuesday. Forbes Energy Services has a 52-week low of $0.08 and a 52-week high of $0.70. The company’s 50-day moving average is $0.11 and its 200 day moving average is $0.19.
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Forbes Energy Services Company Profile
Forbes Energy Services Ltd. (FES Ltd.) is a holding company. The Company is an independent oilfield services contractor that provides a range of well site services to oil and natural gas drilling and producing companies to develop the production of oil and natural gas. The Company’s segments are Well Servicing and Fluid Logistics.
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