Calfrac Well Services Ltd. (OTCMKTS:CFWFF) Sees Significant Increase in Short Interest

Calfrac Well Services Ltd. (OTCMKTS:CFWFF) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 24,000 shares, an increase of 410.6% from the March 31st total of 4,700 shares. Based on an average daily volume of 18,000 shares, the days-to-cover ratio is currently 1.3 days.

Calfrac Well Services Price Performance

Shares of OTCMKTS:CFWFF traded down $0.08 during midday trading on Friday, hitting $3.37. The company had a trading volume of 301 shares, compared to its average volume of 5,868. Calfrac Well Services has a twelve month low of $2.74 and a twelve month high of $4.56. The business’s 50-day simple moving average is $3.34 and its 200-day simple moving average is $3.47.

About Calfrac Well Services

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. It offers hydraulic fracturing, coiled tubing, cementing, and other well completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.