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

Cathedral Energy Services Ltd. (OTCMKTS:CETEF) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 77,800 shares, a growth of 38.4% from the February 28th total of 56,200 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 389.0 days.

Cathedral Energy Services Stock Up 0.8 %

Shares of CETEF stock opened at C$3.58 on Wednesday. Cathedral Energy Services has a 52 week low of C$3.55 and a 52 week high of C$5.02. The firm’s 50-day simple moving average is C$4.10 and its two-hundred day simple moving average is C$4.30.

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.