Calfrac Well Services Ltd. (OTCMKTS:CFWFF) Sees Large Drop in Short Interest

Calfrac Well Services Ltd. (OTCMKTS:CFWFF) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 7,200 shares, a decrease of 12.2% from the May 31st total of 8,200 shares. Based on an average daily trading volume, of 4,600 shares, the short-interest ratio is currently 1.6 days.

Calfrac Well Services Price Performance

OTCMKTS CFWFF opened at $3.04 on Tuesday. The business has a 50 day simple moving average of $3.06 and a 200 day simple moving average of $3.30. Calfrac Well Services has a one year low of $2.76 and a one year high of $4.56.

About Calfrac Well Services

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. It offers hydraulic fracturing, coiled tubing, cementing, and other well completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.