Western Energy Services Corp. (OTCMKTS:WEEEF) Sees Significant Decline in Short Interest

Western Energy Services Corp. (OTCMKTS:WEEEF) was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,100 shares, a decline of 52.2% from the January 15th total of 2,300 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 5.5 days.

Western Energy Services Stock Performance

Shares of OTCMKTS WEEEF opened at $1.82 on Thursday. The company has a market capitalization of $61.59 million, a PE ratio of -12.13 and a beta of 0.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.59 and a current ratio of 1.59. The company’s fifty day moving average price is $1.84 and its 200 day moving average price is $1.98. Western Energy Services has a 1 year low of $1.71 and a 1 year high of $2.15.

Western Energy Services Company Profile

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.