Short Interest in Source Energy Services Ltd. (OTCMKTS:SCEYF) Grows By 42.5%

Source Energy Services Ltd. (OTCMKTS:SCEYF) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 37,200 shares, an increase of 42.5% from the September 15th total of 26,100 shares. Based on an average daily volume of 3,000 shares, the short-interest ratio is currently 12.4 days.

Source Energy Services Price Performance

Source Energy Services stock remained flat at $8.70 during midday trading on Monday. Source Energy Services has a 12-month low of $3.09 and a 12-month high of $11.41. The company’s 50 day moving average price is $9.30 and its 200-day moving average price is $9.28.

Source Energy Services Company Profile

Source Energy Services Ltd. engages in the production and distribution of Northern White frac sand used primarily in oil and gas exploration and production in Canada and the United States. It also provides storage and logistics services for other bulk oil and gas well completion materials; and develops Sahara, a wellsite mobile sand storage and handling system.