Short Interest in Western Energy Services Corp. (OTCMKTS:WEEEF) Decreases By 84.4%

Western Energy Services Corp. (OTCMKTS:WEEEF) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 37 shares, a decrease of 84.4% from the July 30th total of 237 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 949 shares, the days-to-cover ratio is currently 0.0 days.

Western Energy Services Stock Performance

WEEEF stock opened at $2.39 on Thursday. The company has a market capitalization of $80.90 million, a PE ratio of -4.35 and a beta of 0.22. Western Energy Services has a 12 month low of $1.45 and a 12 month high of $2.60. The firm’s 50-day moving average is $2.34 and its 200 day moving average is $2.22. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.63 and a quick ratio of 1.66.

Western Energy Services (OTCMKTS:WEEEF) last issued its earnings results on Tuesday, July 28th. The company reported ($0.09) earnings per share for the quarter. Western Energy Services had a negative net margin of 12.55% and a negative return on equity of 0.18%. The firm had revenue of $27.87 million for the quarter.

About Western Energy Services

Western Energy Services Corp (OTCMKTS:WEEEF) is a Calgary-based oilfield services company that offers well servicing and equipment rental solutions to upstream oil and gas operators. The company’s primary service lines include routine well servicing, snubbing and workover operations, and coiled tubing. Western Energy Services operates a fleet of well servicing rigs, snubbing units, and specialized rental equipment, such as compressor trucks and fracturing support equipment.

In its well servicing segment, the company provides mechanical maintenance, well intervention and completion support, including acidizing, nitrogen and hydraulic fracturing support services.