Source Energy Services Ltd. (OTCMKTS:SCEYF) Sees Significant Increase in Short Interest

Source Energy Services Ltd. (OTCMKTS:SCEYF) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 26,100 shares, a growth of 68.4% from the August 31st total of 15,500 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 130.5 days.

Source Energy Services Price Performance

OTCMKTS SCEYF remained flat at $8.70 during trading on Friday. The company’s stock had a trading volume of 200 shares, compared to its average volume of 1,961. Source Energy Services has a 1 year low of $3.09 and a 1 year high of $11.41. The firm’s fifty day simple moving average is $9.44 and its 200 day simple moving average is $9.20.

Source Energy Services Company Profile

Source Energy Services Ltd. engages in the production and distribution of Northern White frac sand used primarily in oil and gas exploration and production in Canada and the United States. It also provides storage and logistics services for other bulk oil and gas well completion materials; and develops Sahara, a wellsite mobile sand storage and handling system.