CES Energy Solutions Corp. (OTCMKTS:CESDF) Sees Significant Decline in Short Interest

CES Energy Solutions Corp. (OTCMKTS:CESDF) was the target of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 937,800 shares, a decrease of 10.8% from the October 31st total of 1,051,900 shares. Based on an average trading volume of 38,000 shares, the short-interest ratio is presently 24.7 days.

CES Energy Solutions Stock Performance

Shares of CESDF stock traded up $0.08 during trading hours on Tuesday, reaching $6.94. The company had a trading volume of 962 shares, compared to its average volume of 12,537. The business has a fifty day moving average price of $6.01 and a 200-day moving average price of $5.64. CES Energy Solutions has a one year low of $2.42 and a one year high of $6.98.

CES Energy Solutions Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were paid a $0.0219 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a dividend yield of 1.55%. CES Energy Solutions’s dividend payout ratio (DPR) is currently 97.87%.

CES Energy Solutions Company Profile

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.