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

Western Energy Services Corp. (OTCMKTS:WEEEF) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 170 shares, an increase of 1,033.3% from the April 15th total of 15 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 278 shares, the short-interest ratio is currently 0.6 days.

Western Energy Services Price Performance

WEEEF opened at $2.27 on Tuesday. The company has a 50 day moving average of $2.19 and a 200 day moving average of $1.79. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.32. Western Energy Services has a 12 month low of $1.45 and a 12 month high of $2.60. The company has a market cap of $76.84 million, a PE ratio of -4.05 and a beta of 0.23.

Western Energy Services (OTCMKTS:WEEEF) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $999.00 EPS for the quarter. Western Energy Services had a negative net margin of 12.75% and a negative return on equity of 0.39%. The firm had revenue of $40.28 million during the quarter.

About Western Energy Services

Western Energy Services Corp (OTCMKTS:WEEEF) is a Calgary-based oilfield services company that offers well servicing and equipment rental solutions to upstream oil and gas operators. The company’s primary service lines include routine well servicing, snubbing and workover operations, and coiled tubing. Western Energy Services operates a fleet of well servicing rigs, snubbing units, and specialized rental equipment, such as compressor trucks and fracturing support equipment.

In its well servicing segment, the company provides mechanical maintenance, well intervention and completion support, including acidizing, nitrogen and hydraulic fracturing support services.