Cathedral Energy Services Ltd. (OTCMKTS:CETEF) Sees Significant Drop in Short Interest

Cathedral Energy Services Ltd. (OTCMKTS:CETEF) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 23,400 shares, a decrease of 38.4% from the October 31st total of 38,000 shares. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is currently 11.1 days.

Cathedral Energy Services Price Performance

CETEF stock remained flat at C$4.52 during trading on Friday. The company had a trading volume of 41,800 shares, compared to its average volume of 2,732. The company’s 50 day moving average price is C$4.37 and its 200 day moving average price is C$3.90. Cathedral Energy Services has a 12 month low of C$3.64 and a 12 month high of C$5.02.

About Cathedral Energy Services

Cathedral Energy Services Ltd., together with its subsidiaries, provides directional drilling services to oil and natural gas companies in western Canada and the United States. It offers remote directional and measurement-while-drilling (MWD), automated gamma, drilling optimization, and well planning services.