Calfrac Well Services Ltd. (OTCMKTS:CFWFF) Short Interest Up 66.6% in September

Calfrac Well Services Ltd. (OTCMKTS:CFWFF) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 600,600 shares, an increase of 66.6% from the September 15th total of 360,400 shares. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is currently 300.3 days. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is currently 300.3 days.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada restated a “sector perform” rating on shares of Calfrac Well Services in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Calfrac Well Services has an average rating of “Hold”.

Calfrac Well Services Stock Performance

CFWFF stock opened at $2.26 on Wednesday. Calfrac Well Services has a twelve month low of $2.19 and a twelve month high of $2.94. The business has a fifty day moving average of $2.43 and a 200-day moving average of $2.48.

Calfrac Well Services Company Profile

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. It offers hydraulic fracturing, coiled tubing, cementing, and other well completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.