Western Energy Services Corp. (OTCMKTS:WEEEF) Short Interest Down 99.6% in June

Western Energy Services Corp. (OTCMKTS:WEEEF) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 1 shares, a decline of 99.6% from the June 15th total of 246 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 206 shares, the days-to-cover ratio is currently 0.0 days.

Western Energy Services Stock Performance

Shares of OTCMKTS:WEEEF remained flat at $2.30 on Friday. Western Energy Services has a 12-month low of $1.45 and a 12-month high of $2.60. The firm has a market cap of $77.83 million, a PE ratio of -4.11 and a beta of 0.21. The stock has a 50-day moving average price of $2.28 and a two-hundred day moving average price of $2.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.66 and a quick ratio of 1.66.

Western Energy Services (OTCMKTS:WEEEF) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $40.28 million for the quarter. Western Energy Services had a negative return on equity of 0.39% and a negative net margin of 12.75%.

Western Energy Services Company Profile

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.