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

Western Energy Services Corp. (OTCMKTS:WEEEF) was the recipient of a significant decrease in short interest in the month of 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. Based on an average trading volume of 206 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Western Energy Services Stock Performance

Shares of WEEEF remained flat at $2.30 during trading hours on Friday. 44 shares of the stock were exchanged, compared to its average volume of 57. Western Energy Services has a 1-year low of $1.45 and a 1-year high of $2.60. 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 stock has a market capitalization of $77.83 million, a P/E ratio of -4.11 and a beta of 0.18. The firm has a 50-day moving average of $2.28 and a 200 day moving average of $2.03.

Western Energy Services (OTCMKTS:WEEEF) last posted 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 company had revenue of $40.28 million during 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.