Trican Well Service Ltd. (OTCMKTS:TOLWF) Short Interest Update

Trican Well Service Ltd. (OTCMKTS:TOLWF) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 3,562,994 shares, a growth of 218.0% from the April 15th total of 1,120,450 shares. Based on an average daily volume of 91,919 shares, the days-to-cover ratio is presently 38.8 days.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TOLWF shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Trican Well Service in a research report on Wednesday. TD Securities reiterated a “hold” rating on shares of Trican Well Service in a report on Wednesday. Finally, BMO Capital Markets upgraded shares of Trican Well Service from a “market perform” rating to an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Trican Well Service currently has an average rating of “Hold”.

Trican Well Service Trading Up 0.8%

OTCMKTS TOLWF opened at $5.59 on Thursday. The stock has a 50 day moving average price of $5.16 and a 200-day moving average price of $4.71. Trican Well Service has a one year low of $2.90 and a one year high of $5.71.

Trican Well Service Company Profile

Trican Well Service Ltd. is a Canada-based oilfield services company specializing in well completion and intervention solutions for the global energy sector. The company’s core offerings include hydraulic fracturing (fracing), coiled tubing, cementing, acidizing, nitrogen services and well stimulation technologies. Trican’s hydraulic fracturing operations are supported by a fleet of high-pressure pumping equipment designed to meet the demands of unconventional resource plays.

In addition to its pressure-pumping capabilities, Trican provides coiled tubing services for well cleanouts, stimulations and underbalanced operations, as well as cementing services that ensure zonal isolation and well integrity.