Short Interest in Western Energy Services Corp. (OTCMKTS:WEEEF) Expands By 117.6%

Western Energy Services Corp. (OTCMKTS:WEEEF) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 370 shares, a growth of 117.6% from the April 30th total of 170 shares. Based on an average trading volume of 150 shares, the short-interest ratio is currently 2.5 days. Currently, 0.0% of the shares of the company are short sold.

Western Energy Services Price Performance

Shares of WEEEF opened at $2.17 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.66 and a current ratio of 1.66. Western Energy Services has a fifty-two week low of $1.45 and a fifty-two week high of $2.60. The firm has a 50-day simple moving average of $2.23 and a 200-day simple moving average of $1.86. The company has a market capitalization of $73.30 million, a price-to-earnings ratio of -3.87 and a beta of 0.23.

Western Energy Services (OTCMKTS:WEEEF) last released its quarterly earnings results on Tuesday, April 28th. The company reported $999.00 earnings per share (EPS) for the quarter. Western Energy Services had a negative return on equity of 0.39% and a negative net margin of 12.75%.The firm had revenue of $40.28 million for 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.