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

Calfrac Well Services Ltd. (OTCMKTS:CFWFF) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 26,000 shares, a growth of 185.7% from the July 31st total of 9,100 shares. Based on an average daily volume of 7,600 shares, the days-to-cover ratio is currently 3.4 days.

Calfrac Well Services Stock Performance

Shares of Calfrac Well Services stock opened at $3.01 on Wednesday. The stock’s fifty day moving average price is $3.03 and its 200-day moving average price is $3.16. Calfrac Well Services has a 12 month low of $2.76 and a 12 month 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.