Short Interest in CES Energy Solutions Corp. (OTCMKTS:CESDF) Expands By 102.7%

CES Energy Solutions Corp. (OTCMKTS:CESDF) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,106,600 shares, an increase of 102.7% from the July 30th total of 545,934 shares. Based on an average daily volume of 81,094 shares, the days-to-cover ratio is presently 13.6 days.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. National Bank Financial raised CES Energy Solutions from a “sector perform” rating to an “outperform” rating in a research note on Friday, August 7th. Royal Bank Of Canada reissued an “outperform” rating on shares of CES Energy Solutions in a report on Monday, May 11th. BMO Capital Markets reaffirmed an “outperform” rating on shares of CES Energy Solutions in a report on Friday, August 7th. Scotiabank restated an “outperform” rating on shares of CES Energy Solutions in a research report on Monday, August 10th. Finally, TD Securities reiterated a “hold” rating on shares of CES Energy Solutions in a report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CES Energy Solutions presently has an average rating of “Moderate Buy”.

CES Energy Solutions Stock Performance

OTCMKTS:CESDF traded down $0.12 on Friday, reaching $13.15. The stock had a trading volume of 54,539 shares, compared to its average volume of 51,238. CES Energy Solutions has a 12-month low of $5.84 and a 12-month high of $14.25. The company has a 50-day moving average of $12.29 and a 200 day moving average of $12.61.

CES Energy Solutions Company Profile

CES Energy Solutions Corp. is a North American provider of specialty chemical solutions and services to the oil and gas industry. The company develops, manufactures and markets a comprehensive range of products used in drilling, completion, production and environmental applications. These offerings include drilling and completion fluids, production chemicals, proppants and solids control equipment, all designed to optimize well performance and minimize environmental impact.

Headquartered in Calgary, Alberta, CES Energy Solutions operates a network of manufacturing, blending and distribution facilities across Canada and the United States.