Western Energy Services Corp. (OTCMKTS:WEEEF) Short Interest Update

Western Energy Services Corp. (OTCMKTS:WEEEF) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 400 shares, a drop of 42.9% from the October 15th total of 700 shares. Based on an average daily volume of 1,700 shares, the short-interest ratio is presently 0.2 days.

Western Energy Services Stock Performance

Shares of OTCMKTS WEEEF opened at $1.99 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.35. Western Energy Services has a 1-year low of $1.80 and a 1-year high of $2.37. The business’s 50 day moving average is $2.06 and its 200-day moving average is $2.04.

Western Energy Services (OTCMKTS:WEEEF) last announced its earnings results on Tuesday, October 29th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $42.77 million for the quarter. Western Energy Services had a negative return on equity of 2.37% and a negative net margin of 3.19%.

Western Energy Services Company Profile

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. The Production Services segment offers well servicing rig and related equipment, as well as rental equipment services.