CES Energy Solutions Corp. (OTCMKTS:CESDF) Sees Large Increase in Short Interest

CES Energy Solutions Corp. (OTCMKTS:CESDF) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 632,700 shares, a growth of 17.1% from the May 31st total of 540,400 shares. Based on an average trading volume of 33,500 shares, the short-interest ratio is currently 18.9 days.

CES Energy Solutions Trading Up 1.4 %

CESDF opened at $5.70 on Tuesday. CES Energy Solutions has a twelve month low of $1.80 and a twelve month high of $5.84. The company has a fifty day moving average of $4.85 and a 200-day moving average of $3.78.

CES Energy Solutions Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.0219 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a dividend yield of 1.71%. CES Energy Solutions’s dividend payout ratio is 97.87%.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.