CES Energy Solutions Corp. (OTCMKTS:CESDF) Short Interest Update

CES Energy Solutions Corp. (OTCMKTS:CESDF) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 1,178,400 shares, a growth of 25.7% from the November 15th total of 937,800 shares. Based on an average daily volume of 23,600 shares, the short-interest ratio is presently 49.9 days.

CES Energy Solutions Price Performance

Shares of CESDF stock traded down $0.13 during midday trading on Friday, reaching $6.68. 979 shares of the company traded hands, compared to its average volume of 12,262. The firm’s 50 day simple moving average is $6.23 and its two-hundred day simple moving average is $5.75. CES Energy Solutions has a 1-year low of $2.54 and a 1-year high of $7.11.

CES Energy Solutions Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $0.0219 dividend. This represents a yield of 1.55%. The ex-dividend date of this dividend was Monday, September 30th. CES Energy Solutions’s payout ratio is currently 97.87%.

About CES Energy Solutions

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.