Short Interest in PHX Energy Services Corp. (OTCMKTS:PHXHF) Expands By 139.9%

PHX Energy Services Corp. (OTCMKTS:PHXHF) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 583,928 shares, a growth of 139.9% from the April 15th total of 243,437 shares. Based on an average trading volume of 20,169 shares, the days-to-cover ratio is presently 29.0 days.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets restated an “outperform” rating on shares of PHX Energy Services in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

PHX Energy Services Price Performance

OTCMKTS:PHXHF traded up $0.11 during trading hours on Friday, hitting $8.38. 1,443 shares of the stock were exchanged, compared to its average volume of 14,926. The firm’s fifty day moving average price is $8.98 and its 200 day moving average price is $6.93. PHX Energy Services has a 52-week low of $4.86 and a 52-week high of $10.17.

PHX Energy Services Company Profile

PHX Energy Services Corp., trading under the ticker OTCMKTS:PHXHF, is a Canada-based oilfield services provider specializing in pressure pumping and well completion solutions for the oil and gas industry. The company offers hydraulic fracturing, acidizing, coiled tubing, nitrogen pumping and other specialized stimulation services designed to enhance production in both conventional and unconventional reservoirs.

Leveraging a fleet of modular pressure pumping units and coiled tubing systems, PHX Energy Services delivers tailored fracturing and well intervention services that aim to optimize well performance, improve operational efficiency and maintain rigorous safety standards.