Cathedral Energy Services Ltd. (OTCMKTS:CETEF) Sees Large Increase in Short Interest

Cathedral Energy Services Ltd. (OTCMKTS:CETEF) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 77,800 shares, an increase of 38.4% from the February 28th total of 56,200 shares. Based on an average trading volume of 200 shares, the short-interest ratio is currently 389.0 days.

Cathedral Energy Services Stock Performance

OTCMKTS CETEF opened at C$3.55 on Tuesday. Cathedral Energy Services has a 52 week low of C$3.55 and a 52 week high of C$5.02. The business has a 50 day moving average price of C$4.12 and a 200-day moving average price of C$4.30.

Cathedral Energy Services Company Profile

Cathedral Energy Services Ltd., together with its subsidiaries, provides directional drilling services to oil and natural gas companies in western Canada and the United States. It offers remote directional and measurement-while-drilling (MWD), automated gamma, drilling optimization, and well planning services.