PHX Energy Services Corp. (OTCMKTS:PHXHF) Short Interest Up 139.9% in April

PHX Energy Services Corp. (OTCMKTS:PHXHF) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 583,928 shares, an increase of 139.9% from the April 15th total of 243,437 shares. Based on an average daily volume of 20,169 shares, the short-interest ratio is presently 29.0 days.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets restated an “outperform” rating on shares of PHX Energy Services in a research report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

PHX Energy Services Price Performance

OTCMKTS:PHXHF traded up $0.08 during mid-day trading on Friday, reaching $8.35. The stock had a trading volume of 2,566 shares, compared to its average volume of 14,947. PHX Energy Services has a twelve month low of $4.86 and a twelve month high of $10.17. The business has a 50 day simple moving average of $8.98 and a 200 day simple moving average of $6.94.

PHX Energy Services Company Profile

PHX Energy Services Corp., trading under the ticker OTCMKTS:PHXHF, is a Canada-based oilfield services provider specializing in pressure pumping and well completion solutions for the oil and gas industry. The company offers hydraulic fracturing, acidizing, coiled tubing, nitrogen pumping and other specialized stimulation services designed to enhance production in both conventional and unconventional reservoirs.

Leveraging a fleet of modular pressure pumping units and coiled tubing systems, PHX Energy Services delivers tailored fracturing and well intervention services that aim to optimize well performance, improve operational efficiency and maintain rigorous safety standards.