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

Western Energy Services Corp. (OTCMKTS:WEEEF) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 246 shares, a drop of 33.5% from the May 14th total of 370 shares. Based on an average daily volume of 1,099 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Western Energy Services Price Performance

Shares of OTCMKTS WEEEF opened at $2.30 on Thursday. Western Energy Services has a 1-year low of $1.45 and a 1-year high of $2.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.66 and a quick ratio of 1.66. The business’s fifty day moving average price is $2.28 and its two-hundred day moving average price is $1.94. The firm has a market capitalization of $77.83 million, a PE ratio of -4.11 and a beta of 0.21.

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

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.