Western Energy Services Corp. (OTCMKTS:WEEEF) Sees Significant Decline in Short Interest

Western Energy Services Corp. (OTCMKTS:WEEEF) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 400 shares, a decline of 42.9% from the October 15th total of 700 shares. Based on an average daily volume of 1,700 shares, the short-interest ratio is currently 0.2 days.

Western Energy Services Price Performance

OTCMKTS:WEEEF opened at $1.99 on Friday. Western Energy Services has a twelve month low of $1.80 and a twelve month high of $2.37. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. The stock’s 50-day simple moving average is $2.06 and its 200 day simple moving average is $2.04.

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

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.