Cathedral Energy Services Ltd. (OTCMKTS:CETEF) Short Interest Up 31.5% in December

Cathedral Energy Services Ltd. (OTCMKTS:CETEF) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 26,300 shares, an increase of 31.5% from the December 15th total of 20,000 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is currently 37.6 days.

Cathedral Energy Services Price Performance

OTCMKTS CETEF remained flat at C$4.60 during trading hours on Thursday. 600 shares of the company’s stock were exchanged, compared to its average volume of 2,877. The company has a 50 day moving average of C$4.44 and a 200-day moving average of C$3.86. Cathedral Energy Services has a 1 year low of C$3.82 and a 1 year high of C$5.02.

About Cathedral Energy Services

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.