Total Energy Services Inc. (OTCMKTS:TOTZF) Sees Significant Drop in Short Interest

Total Energy Services Inc. (OTCMKTS:TOTZF) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 31,828 shares, a decline of 61.0% from the July 30th total of 81,685 shares. Based on an average daily volume of 18,396 shares, the short-interest ratio is currently 1.7 days.

Total Energy Services Trading Down 0.1%

OTCMKTS:TOTZF opened at $22.60 on Friday. Total Energy Services has a one year low of $9.27 and a one year high of $23.00. The stock has a 50-day simple moving average of $17.84 and a 200 day simple moving average of $16.67.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Total Energy Services stock. Somerville Kurt F purchased a new stake in Total Energy Services Inc. (OTCMKTS:TOTZF) in the second quarter, according to its most recent filing with the SEC. The fund purchased 4,900 shares of the company’s stock, valued at approximately $381,000. Hedge funds and other institutional investors own 61.44% of the company’s stock.

About Total Energy Services

Total Energy Services Inc is an oilfield services provider specializing in well completion and production services for the upstream oil and gas industry. The company offers a suite of technologies designed to optimize well performance, including coiled tubing, hydraulic fracturing, nitrogen pumping, cementing and acidizing services. By integrating these services, Total Energy Services aims to deliver efficient, cost-effective solutions throughout the lifecycle of a well, from initial completion to workovers and enhanced recovery operations.

Established in 1986 and headquartered in Calgary, Alberta, Total Energy Services has grown through the strategic deployment of specialized equipment and the development of advanced operational techniques.