Short Interest in Western Energy Services Corp. (OTCMKTS:WEEEF) Rises By 75.0%

Western Energy Services Corp. (OTCMKTS:WEEEF) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 700 shares, an increase of 75.0% from the October 31st total of 400 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 7.0 days.

Western Energy Services Stock Performance

Shares of Western Energy Services stock remained flat at $1.93 during trading hours on Thursday. Western Energy Services has a 1-year low of $1.80 and a 1-year high of $2.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.59. The company has a market capitalization of $65.31 million, a PE ratio of -12.87 and a beta of 0.89. The stock has a 50-day simple moving average of $2.01 and a two-hundred day simple moving average of $2.03.

Western Energy Services (OTCMKTS:WEEEF) last posted its earnings results on Tuesday, October 29th. The company reported ($0.03) EPS for the quarter. Western Energy Services had a negative return on equity of 2.37% and a negative net margin of 3.19%. The business had revenue of $42.77 million during the quarter.

Western Energy Services Company Profile

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. The Production Services segment offers well servicing rig and related equipment, as well as rental equipment services.