Western Energy Services Corp. (OTCMKTS:WEEEF) Short Interest Up 23,600.0% in July

Western Energy Services Corp. (OTCMKTS:WEEEF) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 237 shares, an increase of 23,600.0% from the July 15th total of 1 shares. Based on an average daily trading volume, of 1,199 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Western Energy Services Stock Performance

Shares of WEEEF stock remained flat at $2.36 during trading on Tuesday. The company had a trading volume of 144 shares, compared to its average volume of 590. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.32. The company has a market cap of $79.89 million, a price-to-earnings ratio of -4.29 and a beta of 0.22. The stock’s 50 day simple moving average is $2.34 and its 200-day simple moving average is $2.16. Western Energy Services has a fifty-two week low of $1.45 and a fifty-two week high of $2.60.

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

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.