Short Interest in Western Energy Services Corp. (OTCMKTS:WEEEF) Grows By 2,200.0%

Western Energy Services Corp. (OTCMKTS:WEEEF) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 2,300 shares, an increase of 2,200.0% from the December 31st total of 100 shares. Based on an average trading volume of 3,700 shares, the short-interest ratio is presently 0.6 days.

Western Energy Services Stock Performance

OTCMKTS WEEEF opened at $1.89 on Friday. The company has a fifty day moving average of $1.87 and a two-hundred day moving average of $1.99. 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 1 year low of $1.71 and a 1 year high of $2.15.

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

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.