Western Energy Services Corp. (OTCMKTS:WEEEF) Short Interest Update

Western Energy Services Corp. (OTCMKTS:WEEEF) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 100 shares, a decrease of 87.5% from the November 30th total of 800 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is currently 0.2 days.

Western Energy Services Price Performance

Shares of WEEEF remained flat at $1.71 during trading hours on Thursday. The stock has a market cap of $58.02 million, a price-to-earnings ratio of -11.43 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.59 and a current ratio of 1.59. Western Energy Services has a 12-month low of $1.71 and a 12-month high of $2.15. The firm’s 50-day moving average is $1.91 and its 200 day moving average is $2.01.

Western Energy Services (OTCMKTS:WEEEF) last released its earnings results on Tuesday, October 29th. The company reported ($0.03) earnings per share for the quarter. Western Energy Services had a negative return on equity of 2.37% and a negative net margin of 3.19%. The firm had revenue of $42.77 million for 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.