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

CES Energy Solutions Corp. (OTCMKTS:CESDF) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 2,082,700 shares, a growth of 13.4% from the August 31st total of 1,837,400 shares. Based on an average daily trading volume, of 16,400 shares, the days-to-cover ratio is presently 127.0 days.

CES Energy Solutions Stock Up 1.9 %

Shares of OTCMKTS CESDF traded up $0.10 during mid-day trading on Friday, reaching $5.46. 8,048 shares of the company’s stock traded hands, compared to its average volume of 12,899. CES Energy Solutions has a 1-year low of $2.42 and a 1-year high of $6.37. The business has a 50-day simple moving average of $5.62 and a 200 day simple moving average of $4.96.

CES Energy Solutions Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.0219 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a dividend yield of 1.55%. CES Energy Solutions’s dividend payout ratio (DPR) is presently 97.87%.

CES Energy Solutions Company Profile

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.