Secure Energy Services Inc. (OTCMKTS:SECYF) Sees Large Drop in Short Interest

Secure Energy Services Inc. (OTCMKTS:SECYF) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 1,669,000 shares, a decrease of 19.9% from the September 15th total of 2,082,700 shares. Based on an average daily volume of 19,300 shares, the short-interest ratio is presently 86.5 days.

A number of analysts have recently commented on the company. BMO Capital Markets boosted their price target on Secure Energy Services from $2.00 to $2.50 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Royal Bank of Canada boosted their target price on Secure Energy Services from $3.00 to $3.75 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, Canaccord Genuity raised shares of Secure Energy Services from a “hold” rating to a “buy” rating in a research note on Wednesday, July 29th.

Shares of Secure Energy Services stock traded up $0.14 during trading hours on Friday, reaching $1.03. 12,264 shares of the company’s stock were exchanged, compared to its average volume of 11,033. The company has a 50 day moving average of $1.03 and a two-hundred day moving average of $1.06. Secure Energy Services has a fifty-two week low of $0.46 and a fifty-two week high of $3.85.

About Secure Energy Services

Secure Energy Services Inc, an energy services company, provides specialized solutions to upstream oil and natural gas companies operating primarily in the Western Canadian Sedimentary Basin and North Dakota. The company's Midstream Infrastructure division provides services, such as clean oil terminalling, rail transloading, pipeline transportation, marketing and custom treating of crude oil, produced and waste water disposal, oilfield waste processing, and purchase/resale of oil services through its full service terminals, full service rail facilities, crude oil pipelines, crude oil terminalling facilities, water disposal facilities, and landfills.

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