Short Interest in Cathedral Energy Services Ltd. (OTCMKTS:CETEF) Declines By 72.4%

Cathedral Energy Services Ltd. (OTCMKTS:CETEF) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 38,000 shares, a drop of 72.4% from the October 15th total of 137,600 shares. Based on an average trading volume of 400 shares, the short-interest ratio is presently 95.0 days.

Cathedral Energy Services Stock Down 1.6 %

CETEF stock traded down C$0.07 during trading on Wednesday, hitting C$4.33. 227 shares of the company traded hands, compared to its average volume of 1,504. Cathedral Energy Services has a 1 year low of C$3.64 and a 1 year high of C$5.02. The stock’s 50-day simple moving average is C$4.33 and its 200 day simple moving average is C$3.91.

Cathedral Energy Services Company Profile

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.