Cathedral Energy Services Ltd. (OTCMKTS:CETEF) Sees Large Increase in Short Interest

Cathedral Energy Services Ltd. (OTCMKTS:CETEF) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 137,600 shares, an increase of 411.5% from the September 30th total of 26,900 shares. Based on an average daily trading volume, of 900 shares, the short-interest ratio is currently 152.9 days.

Cathedral Energy Services Stock Performance

Shares of OTCMKTS CETEF traded up C$0.02 during mid-day trading on Friday, hitting C$4.38. 1,418 shares of the stock were exchanged, compared to its average volume of 1,469. The stock’s fifty day simple moving average is C$4.38 and its two-hundred day simple moving average is C$3.92. Cathedral Energy Services has a twelve month low of C$3.64 and a twelve month high of C$5.02.

Cathedral Energy Services Company Profile

Cathedral Energy Services Ltd., together with its subsidiaries, provides directional drilling services to oil and natural gas companies in western Canada and the United States. It offers remote directional and measurement-while-drilling (MWD), automated gamma, drilling optimization, and well planning services.