Western Energy Services Corp. (OTCMKTS:WEEEF) Short Interest Up 75.0% in November

Western Energy Services Corp. (OTCMKTS:WEEEF) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 700 shares, a growth of 75.0% from the October 31st total of 400 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 7.0 days.

Western Energy Services Price Performance

WEEEF stock remained flat at $1.93 on Thursday. The firm has a market capitalization of $65.31 million, a price-to-earnings ratio of -12.87 and a beta of 0.89. The firm’s 50 day moving average price is $2.01 and its two-hundred day moving average price is $2.03. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. Western Energy Services has a twelve month low of $1.80 and a twelve month high of $2.26.

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

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.