Western Energy Services Corp. (OTCMKTS:WEEEF) Sees Significant Growth in Short Interest

Western Energy Services Corp. (OTCMKTS:WEEEF) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 1,013 shares, a growth of 160.4% from the October 15th total of 389 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 132 shares, the short-interest ratio is currently 7.7 days.

Western Energy Services Price Performance

Shares of WEEEF stock remained flat at $2.70 on Friday. The stock had a trading volume of 276 shares, compared to its average volume of 283. The company has a market capitalization of $91.39 million, a PE ratio of -6.14 and a beta of 0.03. Western Energy Services has a 12 month low of $1.45 and a 12 month high of $2.90. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average price is $2.57 and its 200 day moving average price is $2.29.

Western Energy Services (OTCMKTS:WEEEF) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $41.08 million for the quarter. Western Energy Services had a positive return on equity of 1.66% and a negative net margin of 9.81%.

About Western Energy Services

Western Energy Services Corp. is a Canadian oilfield services company that provides contract drilling and well-servicing solutions to oil and natural gas exploration and production companies. Its operations support the drilling, completion, workover and maintenance of wells, primarily in Western Canada. The company operates through businesses including Horizon Drilling, which provides contract drilling services using a fleet of land-based drilling rigs, and Eagle Well Servicing, which provides well-servicing and workover services.