Calfrac Well Services Ltd. (OTCMKTS:CFWFF) Sees Large Drop in Short Interest

Calfrac Well Services Ltd. (OTCMKTS:CFWFF) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 7,200 shares, a decline of 12.2% from the May 31st total of 8,200 shares. Based on an average daily volume of 4,600 shares, the short-interest ratio is currently 1.6 days.

Calfrac Well Services Stock Performance

OTCMKTS CFWFF opened at $3.04 on Tuesday. The stock’s 50 day moving average price is $3.06 and its two-hundred day moving average price is $3.30. Calfrac Well Services has a 52 week low of $2.76 and a 52 week high of $4.56.

Calfrac Well Services Company Profile

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. It offers hydraulic fracturing, coiled tubing, cementing, and other well completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.