Short Interest in Western Energy Services Corp. (OTCMKTS:WEEEF) Drops By 33.5%

Western Energy Services Corp. (OTCMKTS:WEEEF) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 246 shares, a decline of 33.5% from the May 14th total of 370 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,099 shares, the short-interest ratio is currently 0.2 days.

Western Energy Services Price Performance

Shares of OTCMKTS WEEEF opened at $2.38 on Tuesday. Western Energy Services has a 12-month low of $1.45 and a 12-month high of $2.60. The stock has a market cap of $80.39 million, a PE ratio of -4.24 and a beta of 0.21. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $2.28 and a 200 day moving average of $1.93.

Western Energy Services (OTCMKTS:WEEEF) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $999.00 EPS for the quarter. Western Energy Services had a negative return on equity of 0.39% and a negative net margin of 12.75%.The firm had revenue of $40.28 million during the quarter.

About Western Energy Services

Western Energy Services Corp (OTCMKTS:WEEEF) is a Calgary-based oilfield services company that offers well servicing and equipment rental solutions to upstream oil and gas operators. The company’s primary service lines include routine well servicing, snubbing and workover operations, and coiled tubing. Western Energy Services operates a fleet of well servicing rigs, snubbing units, and specialized rental equipment, such as compressor trucks and fracturing support equipment.

In its well servicing segment, the company provides mechanical maintenance, well intervention and completion support, including acidizing, nitrogen and hydraulic fracturing support services.