Short Interest in Western Energy Services Corp. (OTCMKTS:WEEEF) Expands By 2,200.0%

Western Energy Services Corp. (OTCMKTS:WEEEF) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 2,300 shares, a growth of 2,200.0% from the December 31st total of 100 shares. Based on an average trading volume of 3,700 shares, the short-interest ratio is currently 0.6 days.

Western Energy Services Stock Performance

Shares of OTCMKTS:WEEEF remained flat at $1.89 during trading on Thursday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. The company has a market cap of $63.89 million, a P/E ratio of -12.59 and a beta of 0.84. The business’s 50-day moving average is $1.87 and its 200-day moving average is $1.99. Western Energy Services has a 52-week low of $1.71 and a 52-week high of $2.15.

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

About Western Energy Services

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.