Short Interest in Cathedral Energy Services Ltd. (OTCMKTS:CETEF) Rises By 31.5%

Cathedral Energy Services Ltd. (OTCMKTS:CETEF) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 26,300 shares, an increase of 31.5% from the December 15th total of 20,000 shares. Based on an average trading volume of 700 shares, the short-interest ratio is presently 37.6 days.

Cathedral Energy Services Stock Performance

Shares of Cathedral Energy Services stock remained flat at C$4.60 during trading on Thursday. 600 shares of the stock were exchanged, compared to its average volume of 2,877. Cathedral Energy Services has a 1-year low of C$3.82 and a 1-year high of C$5.02. The firm’s fifty day simple moving average is C$4.44 and its two-hundred day simple moving average is C$3.86.

Cathedral Energy Services Company Profile

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.