Short Interest in Western Energy Services Corp. (OTCMKTS:WEEEF) Decreases By 99.6%

Western Energy Services Corp. (OTCMKTS:WEEEF) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 1 shares, a decrease of 99.6% from the June 15th total of 246 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 206 shares, the short-interest ratio is currently 0.0 days.

Western Energy Services Price Performance

OTCMKTS WEEEF remained flat at $2.30 during trading hours on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $77.83 million, a P/E ratio of -4.11 and a beta of 0.18. Western Energy Services has a 12-month low of $1.45 and a 12-month high of $2.60. The stock’s fifty day moving average is $2.28 and its 200 day moving average is $2.03.

Western Energy Services (OTCMKTS:WEEEF) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.04 earnings per share (EPS) for the quarter. Western Energy Services had a negative net margin of 12.75% and a negative return on equity of 0.39%. The firm had revenue of $40.28 million for 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.