Short Interest in Western Energy Services Corp. (OTCMKTS:WEEEF) Increases By 1,400.0%

Key Points

• Short interest in Western Energy Services Corp. increased by 1,400.0% in July, rising from 100 shares to a total of 1,500 shares, reflecting heightened market interest.
• As of the latest data, the company's stock price has dropped 8.3%, with shares opening at $1.55 and 52-week limits of $1.30 and $2.15.
• Western Energy Services reported a net loss of $0.10 per share during the last quarter, with revenues of $28.91 million and negative net margins of 2.43%.

Western Energy Services Corp. (OTCMKTS:WEEEF - Get Free Report) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,500 shares, anincreaseof1,400.0% from the June 30th total of 100 shares. Based on an average trading volume of 800 shares, the short-interest ratio is currently 1.9 days. Based on an average trading volume of 800 shares, the short-interest ratio is currently 1.9 days.

Western Energy Services Stock Performance

WEEEF remained flat at $1.55 during mid-day trading on Tuesday. The stock has a market cap of $52.45 million, a P/E ratio of -12.92 and a beta of 0.62. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.89 and a quick ratio of 1.89. The firm's fifty day moving average price is $1.63 and its 200 day moving average price is $1.61. Western Energy Services has a twelve month low of $1.30 and a twelve month high of $2.15.

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 for the quarter. The company had revenue of $28.91 million for the quarter. Western Energy Services had a negative net margin of 2.43% and a negative return on equity of 1.86%.

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.