Western Energy Services Corp. (OTCMKTS:WEEEF) Short Interest Down 87.5% in December

Western Energy Services Corp. (OTCMKTS:WEEEF) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 100 shares, a decline of 87.5% from the November 30th total of 800 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 0.2 days.

Western Energy Services Stock Performance

Shares of Western Energy Services stock remained flat at $1.71 on Thursday. Western Energy Services has a 12 month low of $1.71 and a 12 month high of $2.15. The stock has a market capitalization of $58.02 million, a price-to-earnings ratio of -11.43 and a beta of 0.90. The stock’s 50-day moving average is $1.91 and its 200 day moving average is $2.01. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.35.

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

About Western Energy Services

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.