Western Energy Services Corp. (OTCMKTS:WEEEF) Short Interest Update

Western Energy Services Corp. (OTCMKTS:WEEEF) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 370 shares, a growth of 117.6% from the April 30th total of 170 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 150 shares, the days-to-cover ratio is currently 2.5 days.

Western Energy Services Stock Performance

OTCMKTS:WEEEF opened at $2.17 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $73.30 million, a PE ratio of -3.87 and a beta of 0.21. The firm’s 50 day moving average is $2.23 and its 200 day moving average is $1.86. Western Energy Services has a 12 month low of $1.45 and a 12 month high of $2.60.

Western Energy Services (OTCMKTS:WEEEF) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $999.00 EPS for the quarter. The company had revenue of $40.28 million for the quarter. Western Energy Services had a negative net margin of 12.75% and a negative return on equity of 0.39%.

Western Energy Services Company Profile

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.