PHX Energy Services Corp. (OTCMKTS:PHXHF) Short Interest Update

PHX Energy Services Corp. (OTCMKTS:PHXHF) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 6,500 shares, a growth of 25.0% from the August 15th total of 5,200 shares. Based on an average daily volume of 900 shares, the short-interest ratio is presently 7.2 days.

PHX Energy Services stock opened at $3.56 on Thursday. The stock has a 50-day simple moving average of $3.38 and a 200 day simple moving average of $3.03. PHX Energy Services has a 12-month low of $1.09 and a 12-month high of $3.75.

PHXHF has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on shares of PHX Energy Services from C$5.75 to C$6.50 and gave the company a “buy” rating in a research note on Thursday, August 5th. BMO Capital Markets lifted their price target on PHX Energy Services from C$5.50 to C$6.25 and gave the company an “outperform” rating in a report on Thursday, August 5th.

About PHX Energy Services

PHX Energy Services Corp. engages in the provision of horizontal and directional technology and drilling services. The firm also offers electronic drilling recorder technology and services. It operates through the following geographical segments: Canada, United States, and International. The company was founded in 1995 and is headquartered in Calgary, Canada.

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