Trican Well Service Ltd. (OTCMKTS:TOLWF) Short Interest Update

Trican Well Service Ltd. (OTCMKTS:TOLWF) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 2,866,800 shares, a growth of 26.7% from the May 31st total of 2,263,500 shares. Based on an average trading volume of 12,500 shares, the short-interest ratio is currently 229.3 days.

Trican Well Service Trading Up 5.1 %

Shares of OTCMKTS TOLWF opened at $3.70 on Tuesday. The stock has a fifty day moving average of $3.22 and a 200-day moving average of $3.14. Trican Well Service has a fifty-two week low of $2.57 and a fifty-two week high of $3.92.

Trican Well Service Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were given a dividend of $0.033 per share. This represents a dividend yield of 3.97%. The ex-dividend date was Friday, June 14th. Trican Well Service’s dividend payout ratio is presently -145.40%.

Trican Well Service Company Profile

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.