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 decrease in short interest during the month of December. As of December 15th, there was short interest totalling 100 shares, a decrease of 87.5% from the November 30th total of 800 shares. Based on an average daily volume of 600 shares, the short-interest ratio is currently 0.2 days.

Western Energy Services Stock Performance

Shares of Western Energy Services stock opened at $1.71 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market capitalization of $58.02 million, a P/E ratio of -11.43 and a beta of 0.90. Western Energy Services has a 52-week low of $1.71 and a 52-week high of $2.15. The stock’s 50-day simple moving average is $1.89 and its 200 day simple moving average is $2.00.

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

Western Energy Services Company Profile

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.