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

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) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 1,500 shares, agrowthof1,400.0% from the June 30th total of 100 shares. Based on an average daily trading volume, of 800 shares, the short-interest ratio is presently 1.9 days. Based on an average daily trading volume, of 800 shares, the short-interest ratio is presently 1.9 days.

Western Energy Services Stock Down 8.3%

Shares of Western Energy Services stock opened at $1.55 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.36. The company has a market cap of $52.45 million, a P/E ratio of -12.92 and a beta of 0.62. The firm's 50 day moving average price is $1.63 and its 200-day moving average price is $1.61. Western Energy Services has a 52-week low of $1.30 and a 52-week 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 firm had revenue of $28.91 million during the quarter. Western Energy Services had a negative net margin of 2.43% and a negative return on equity of 1.86%.

Western Energy Services Company Profile

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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