Short Interest in Total Energy Services Inc. (OTCMKTS:TOTZF) Decreases By 61.0%

Total Energy Services Inc. (OTCMKTS:TOTZFGet Free Report) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 31,828 shares, a drop of 61.0% from the July 30th total of 81,685 shares. Based on an average daily volume of 18,396 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Investors Weigh In On Total Energy Services

An institutional investor recently bought a new stake in Total Energy Services stock. Somerville Kurt F acquired a new stake in shares of Total Energy Services Inc. (OTCMKTS:TOTZFFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,900 shares of the company’s stock, valued at approximately $381,000. 61.44% of the stock is currently owned by institutional investors.

Total Energy Services Stock Performance

Shares of TOTZF stock opened at $22.63 on Friday. The stock’s fifty day moving average price is $17.70 and its 200 day moving average price is $16.63. Total Energy Services has a 1-year low of $9.27 and a 1-year high of $23.00.

About Total Energy Services

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Total Energy Services Inc is an oilfield services provider specializing in well completion and production services for the upstream oil and gas industry. The company offers a suite of technologies designed to optimize well performance, including coiled tubing, hydraulic fracturing, nitrogen pumping, cementing and acidizing services. By integrating these services, Total Energy Services aims to deliver efficient, cost-effective solutions throughout the lifecycle of a well, from initial completion to workovers and enhanced recovery operations.

Established in 1986 and headquartered in Calgary, Alberta, Total Energy Services has grown through the strategic deployment of specialized equipment and the development of advanced operational techniques.

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