Western Energy Services Corp. (OTCMKTS:WEEEF) Sees Large Drop in Short Interest

Western Energy Services Corp. (OTCMKTS:WEEEF) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 700 shares, a decline of 22.2% from the September 15th total of 900 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 1.8 days.

Western Energy Services Price Performance

WEEEF stock opened at $2.15 on Tuesday. The stock has a market cap of $72.59 million, a PE ratio of -10.21 and a beta of 0.88. The company has a 50-day moving average price of $2.10 and a 200 day moving average price of $2.04. Western Energy Services has a 12 month low of $1.80 and a 12 month high of $2.50. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.36.

Western Energy Services (OTCMKTS:WEEEF) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported ($0.11) earnings per share (EPS) for the quarter. Western Energy Services had a negative net margin of 3.32% and a negative return on equity of 2.41%. The firm had revenue of $31.45 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.