CES Energy Solutions Corp. (OTCMKTS:CESDF) Short Interest Up 64.3% in July

CES Energy Solutions Corp. (OTCMKTS:CESDF) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 345,247 shares, a growth of 64.3% from the June 30th total of 210,081 shares. Based on an average daily trading volume, of 59,584 shares, the days-to-cover ratio is presently 5.8 days.

Wall Street Analyst Weigh In

CESDF has been the subject of a number of recent analyst reports. BMO Capital Markets upgraded shares of CES Energy Solutions from an “outperform” rating to an “outperform” rating in a research report on Wednesday, June 24th. National Bank Financial lowered shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating in a report on Tuesday, May 12th. Royal Bank Of Canada reiterated an “outperform” rating on shares of CES Energy Solutions in a report on Monday, May 11th. Scotiabank reissued an “outperform” rating on shares of CES Energy Solutions in a research report on Monday, May 11th. Finally, TD Securities restated a “hold” rating on shares of CES Energy Solutions in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

CES Energy Solutions Stock Down 3.9%

OTCMKTS:CESDF opened at $11.61 on Friday. The stock has a 50-day simple moving average of $11.94 and a 200-day simple moving average of $12.19. CES Energy Solutions has a 1 year low of $4.98 and a 1 year high of $14.25.

About CES Energy Solutions

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.