Western Energy Services Corp. (OTCMKTS:WEEEF) Short Interest Up 75.0% in November

Western Energy Services Corp. (OTCMKTS:WEEEF) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 700 shares, an increase of 75.0% from the October 31st total of 400 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 7.0 days.

Western Energy Services Price Performance

Shares of OTCMKTS WEEEF opened at $1.93 on Friday. The stock has a fifty day simple moving average of $2.01 and a two-hundred day simple moving average of $2.03. Western Energy Services has a 1-year low of $1.80 and a 1-year high of $2.26. The firm has a market cap of $65.31 million, a price-to-earnings ratio of -12.87 and a beta of 0.89. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.35.

Western Energy Services (OTCMKTS:WEEEF) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.03) earnings per share for the quarter. Western Energy Services had a negative net margin of 3.19% and a negative return on equity of 2.37%. The firm had revenue of $42.77 million for the quarter.

Western Energy Services Company Profile

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. The Production Services segment offers well servicing rig and related equipment, as well as rental equipment services.