Western Energy Services Corp. (OTCMKTS:WEEEF) Short Interest Update

Western Energy Services Corp. (OTCMKTS:WEEEF) was the target of a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 600 shares, adeclineof60.0% from the July 31st total of 1,500 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 0.9 days.

Western Energy Services Stock Performance

Western Energy Services stock opened at $1.51 on Friday. The stock has a market cap of $50.95 million, a P/E ratio of -12.54 and a beta of 0.62. Western Energy Services has a fifty-two week low of $1.30 and a fifty-two week high of $2.15. The firm’s fifty day moving average price is $1.59 and its 200-day moving average price is $1.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.54 and a current ratio of 1.54.

Western Energy Services (OTCMKTS:WEEEF) last released its quarterly earnings results on Tuesday, July 22nd. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $28.91 million during the quarter. Western Energy Services had a negative return on equity of 1.87% and a negative net margin of 2.43%.

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.