Short Interest in PHX Energy Services Corp. (OTCMKTS:PHXHF) Expands By 139.9%

PHX Energy Services Corp. (OTCMKTS:PHXHF) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 583,928 shares, an increase of 139.9% from the April 15th total of 243,437 shares. Based on an average daily volume of 20,169 shares, the short-interest ratio is currently 29.0 days.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of PHX Energy Services in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

PHX Energy Services Trading Up 1.3%

OTCMKTS:PHXHF traded up $0.11 during midday trading on Friday, reaching $8.38. 1,443 shares of the stock traded hands, compared to its average volume of 14,926. PHX Energy Services has a 12-month low of $4.86 and a 12-month high of $10.17. The business has a 50-day moving average of $8.98 and a two-hundred day moving average of $6.93.

About PHX Energy Services

PHX Energy Services Corp., trading under the ticker OTCMKTS:PHXHF, is a Canada-based oilfield services provider specializing in pressure pumping and well completion solutions for the oil and gas industry. The company offers hydraulic fracturing, acidizing, coiled tubing, nitrogen pumping and other specialized stimulation services designed to enhance production in both conventional and unconventional reservoirs.

Leveraging a fleet of modular pressure pumping units and coiled tubing systems, PHX Energy Services delivers tailored fracturing and well intervention services that aim to optimize well performance, improve operational efficiency and maintain rigorous safety standards.