Western Energy Services Corp. (OTCMKTS:WEEEF) Sees Large Drop in Short Interest

Western Energy Services Corp. (OTCMKTS:WEEEF) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 700 shares, a decrease of 22.2% from the September 15th total of 900 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 1.8 days.

Western Energy Services Stock Performance

Shares of WEEEF stock opened at $2.15 on Monday. The firm’s 50 day moving average price is $2.10 and its 200-day moving average price is $2.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.82 and a current ratio of 1.82. Western Energy Services has a one year low of $1.80 and a one year high of $2.50. The firm has a market cap of $72.59 million, a P/E ratio of -10.21 and a beta of 0.88.

Western Energy Services (OTCMKTS:WEEEF) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported ($0.11) EPS for the quarter. Western Energy Services had a negative return on equity of 2.41% and a negative net margin of 3.32%. The company had revenue of $31.45 million during the quarter.

About Western Energy Services

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. The Production Services segment offers well servicing rig and related equipment, as well as rental equipment services.