Western Energy Services Corp. (OTCMKTS:WEEEF) Short Interest Down 60.0% in August

Key Points

• Short interest in Western Energy Services Corp. decreased by 60.0% in August, falling from 1,500 shares to 600 shares.
• The company's stock price opened at $1.51, with a market cap of $50.95 million and a price-to-earnings ratio of -12.54.
• Western Energy Services reported a net loss of $0.10 earnings per share for the last quarter, with revenue of $28.91 million.

Western Energy Services Corp. (OTCMKTS:WEEEF - Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totaling 600 shares, adecreaseof60.0% from the July 31st total of 1,500 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 0.9 days.

Western Energy Services Stock Performance

Shares of Western Energy Services stock remained flat at $1.51 on Monday. The company has a market capitalization of $50.95 million, a PE ratio of -12.54 and a beta of 0.62. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.32. Western Energy Services has a 52 week low of $1.30 and a 52 week high of $2.15. The company's 50-day moving average is $1.59 and its 200 day moving average is $1.55.

Western Energy Services (OTCMKTS:WEEEF - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported ($0.10) earnings per share for the quarter. Western Energy Services had a negative net margin of 2.43% and a negative return on equity of 1.87%. The company had revenue of $28.91 million for the quarter.

About Western Energy Services

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. The Production Services segment offers well servicing rig and related equipment, as well as rental equipment services.