Western Energy Services Corp. (OTCMKTS:WEEEF) Sees Significant Decline in Short Interest

Western Energy Services Corp. (OTCMKTS:WEEEF) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 400 shares, a drop of 42.9% from the October 15th total of 700 shares. Based on an average daily trading volume, of 1,700 shares, the short-interest ratio is presently 0.2 days.

Western Energy Services Stock Performance

WEEEF opened at $1.99 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a fifty day moving average of $2.06 and a 200-day moving average of $2.04. Western Energy Services has a fifty-two week low of $1.80 and a fifty-two week high of $2.37.

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

About Western Energy Services

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.