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

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

Western Energy Services Price Performance

Shares of WEEEF opened at $2.39 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.32. Western Energy Services has a 12 month low of $1.45 and a 12 month high of $2.60. The firm’s 50 day moving average is $2.34 and its 200-day moving average is $2.22. The stock has a market capitalization of $80.90 million, a PE ratio of -4.35 and a beta of 0.22.

Western Energy Services (OTCMKTS:WEEEF) last issued its quarterly earnings results on Tuesday, July 28th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company 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%.

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.