Short Interest in Superior Energy Services, Inc. (OTCMKTS:SPNX) Drops By 87.0%

Superior Energy Services, Inc. (OTCMKTS:SPNX) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 61,300 shares, a decrease of 87.0% from the December 15th total of 473,000 shares. Based on an average daily volume of 1,528,900 shares, the short-interest ratio is presently 0.0 days.

Shares of SPNX stock traded up $0.02 on Wednesday, hitting $0.07. 2,507,553 shares of the company’s stock traded hands, compared to its average volume of 1,166,757. Superior Energy Services has a one year low of $0.02 and a one year high of $6.07. The firm’s fifty day moving average is $0.12. The stock has a market cap of $1.04 million, a PE ratio of 0.00 and a beta of 2.94.

Superior Energy Services (OTCMKTS:SPNX) last posted its quarterly earnings results on Friday, November 6th. The company reported ($4.77) earnings per share (EPS) for the quarter. The business had revenue of $166.93 million for the quarter. Superior Energy Services had a negative net margin of 22.22% and a negative return on equity of 565.78%.

Separately, ValuEngine upgraded shares of Superior Energy Services from a “hold” rating to a “buy” rating in a research report on Saturday, December 5th.

About Superior Energy Services

Superior Energy Services, Inc provides oilfield services and equipment to oil and natural gas exploration and production companies in the United States and internationally. The company operates in four segments: Drilling Products and Services, Onshore Completion and Workover Services, Production Services, and Technical Solutions.

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