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

Western Energy Services logo with Energy background

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.
  • MarketBeat previews top five stocks to own in November.

Western Energy Services Corp. (OTCMKTS:WEEEF - Get Free Report) saw a significant decline in short interest in the month of 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. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.0% of the company's shares are sold short.

Western Energy Services Price Performance

OTCMKTS WEEEF remained flat at $1.51 on Wednesday. The firm has a market capitalization of $50.95 million, a PE ratio of -12.54 and a beta of 0.62. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.32. Western Energy Services has a one year low of $1.30 and a one year high of $2.15. The business has a fifty day moving average price of $1.56 and a 200-day moving average price of $1.54.

Western Energy Services (OTCMKTS:WEEEF - Get Free Report) last announced its 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 firm had revenue of $28.91 million during the quarter.

About Western Energy Services

(Get Free Report)

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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