Short Interest in Western Energy Services Corp. (OTCMKTS:WEEEF) Declines By 90.9%

Western Energy Services Corp. (OTCMKTS:WEEEF) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 100 shares, a decrease of 90.9% from the January 31st total of 1,100 shares. Based on an average daily volume of 1,500 shares, the days-to-cover ratio is currently 0.1 days.

Western Energy Services Price Performance

Western Energy Services stock opened at $1.82 on Friday. The company has a market cap of $61.59 million, a price-to-earnings ratio of -12.13 and a beta of 0.85. The firm’s fifty day moving average is $1.85 and its 200 day moving average is $1.96. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. Western Energy Services has a 52-week low of $1.71 and a 52-week high of $2.15.

Western Energy Services (OTCMKTS:WEEEF) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.04) 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 $42.69 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.