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

Western Energy Services Corp. (OTCMKTS:WEEEF) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 2,300 shares, an increase of 2,200.0% from the December 31st total of 100 shares. Based on an average daily trading volume, of 3,700 shares, the days-to-cover ratio is currently 0.6 days.

Western Energy Services Price Performance

OTCMKTS WEEEF remained flat at $1.89 during trading on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.59 and a current ratio of 1.59. Western Energy Services has a 12 month low of $1.71 and a 12 month high of $2.15. The firm’s fifty day moving average price is $1.87 and its 200-day moving average price is $1.99. The stock has a market capitalization of $63.89 million, a P/E ratio of -12.59 and a beta of 0.84.

Western Energy Services (OTCMKTS:WEEEF) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.03) EPS for the quarter. Western Energy Services had a negative net margin of 3.19% and a negative return on equity of 2.37%. The business had revenue of $42.77 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.