PHX Energy Services Corp. (OTCMKTS:PHXHF) Short Interest Update

PHX Energy Services Corp. (OTCMKTS:PHXHF) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 215,100 shares, an increase of 37.3% from the August 15th total of 156,700 shares. Based on an average daily trading volume, of 12,800 shares, the short-interest ratio is currently 16.8 days.

PHX Energy Services Price Performance

PHXHF traded down $0.09 during trading hours on Monday, hitting $6.76. 5,251 shares of the company’s stock were exchanged, compared to its average volume of 3,661. PHX Energy Services has a 12-month low of $5.19 and a 12-month high of $7.76. The firm has a 50 day moving average of $7.23 and a 200 day moving average of $6.85.

PHX Energy Services Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were paid a dividend of $0.1454 per share. This represents a yield of 8.96%. The ex-dividend date was Friday, June 28th. PHX Energy Services’s payout ratio is currently 62.88%.

PHX Energy Services Company Profile

PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, a MWD tool that transmits electric signals through geological formations.