Source Energy Services Ltd. (OTCMKTS:SCEYF) Sees Significant Increase in Short Interest

Source Energy Services Ltd. (OTCMKTS:SCEYF) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 3,000 shares, a growth of 233.3% from the March 31st total of 900 shares. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is presently 2.0 days.

Source Energy Services Stock Performance

SCEYF stock opened at $11.09 on Friday. Source Energy Services has a 1-year low of $1.87 and a 1-year high of $11.41. The business has a 50 day simple moving average of $8.53 and a two-hundred day simple moving average of $6.25.

About Source Energy Services

Source Energy Services Ltd. engages in the production and distribution of Northern White frac sand used primarily in oil and gas exploration and production in Canada and the United States. It also provides storage and logistics services for other bulk oil and gas well completion materials; and develops Sahara, a wellsite mobile sand storage and handling system.