Western Energy Services Corp. (OTCMKTS:WEEEF) Sees Large Increase in Short Interest

Western Energy Services Corp. (OTCMKTS:WEEEF) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 700 shares, a growth of 75.0% from the October 31st total of 400 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 7.0 days.

Western Energy Services Price Performance

Shares of OTCMKTS WEEEF remained flat at $1.93 during mid-day trading 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. Western Energy Services has a 52-week low of $1.80 and a 52-week high of $2.26. The company’s 50-day simple moving average is $2.01 and its two-hundred day simple moving average is $2.03.

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

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.