PHX Energy Services Corp. (OTCMKTS:PHXHF) Short Interest Up 25.2% in April

PHX Energy Services Corp. (OTCMKTS:PHXHF) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 661,500 shares, an increase of 25.2% from the March 31st total of 528,400 shares. Based on an average daily trading volume, of 19,800 shares, the short-interest ratio is presently 33.4 days.

PHX Energy Services Price Performance

Shares of OTCMKTS PHXHF opened at $5.60 on Friday. The firm’s 50-day moving average price is $5.85 and its two-hundred day moving average price is $6.38. PHX Energy Services has a 52-week low of $4.88 and a 52-week high of $7.77.

PHX Energy Services Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a dividend of $0.1391 per share. The ex-dividend date was Monday, March 31st. This represents a yield of 8.83%. PHX Energy Services’s dividend 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.