CES Energy Solutions Corp. (OTCMKTS:CESDF) Sees Significant Growth in Short Interest

CES Energy Solutions Corp. (OTCMKTS:CESDF) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 2,181,100 shares, an increase of 11.3% from the July 31st total of 1,960,100 shares. Based on an average daily volume of 38,500 shares, the short-interest ratio is presently 56.7 days.

CES Energy Solutions Price Performance

Shares of CESDF opened at $5.90 on Tuesday. CES Energy Solutions has a 1 year low of $2.42 and a 1 year high of $6.37. The company’s fifty day moving average is $5.64 and its two-hundred day moving average is $4.69.

CES Energy Solutions Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were paid a dividend of $0.0219 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a dividend yield of 1.71%. CES Energy Solutions’s dividend payout ratio (DPR) is 97.87%.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.