Western Energy Services Corp. (OTCMKTS:WEEEF) Sees Large Decrease in Short Interest

Key Points

• Western Energy Services Corp. experienced a significant reduction in short interest, dropping to 200 shares as of August 31st, a 66.7% decline from the previous period.
• The company's shares opened at $1.51, with a 52-week trading range between $1.30 and $2.15.
• In its last quarterly earnings report, Western Energy Services posted (−$0.10) earnings per share and had revenue of $28.91 million.

Western Energy Services Corp. (OTCMKTS:WEEEF - Get Free Report) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 200 shares, a decline of 66.7% from the August 15th total of 600 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 2.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 100 shares, the short-interest ratio is presently 2.0 days.

Western Energy Services Price Performance

Shares of OTCMKTS:WEEEF opened at $1.51 on Friday. Western Energy Services has a 52 week low of $1.30 and a 52 week high of $2.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.54 and a current ratio of 1.54. The company's fifty day moving average is $1.58 and its 200-day moving average is $1.55. The company has a market capitalization of $50.95 million, a PE ratio of -12.54 and a beta of 0.62.

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

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