Total Energy Services Inc. (OTCMKTS:TOTZF) Sees Significant Drop in Short Interest

Total Energy Services Inc. (OTCMKTS:TOTZF) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 14,200 shares, a drop of 24.9% from the September 30th total of 18,900 shares. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is presently 2.3 days.

Total Energy Services Price Performance

OTCMKTS TOTZF opened at $6.88 on Friday. The firm has a 50 day simple moving average of $6.97 and a 200-day simple moving average of $6.98. Total Energy Services has a one year low of $5.42 and a one year high of $7.92.

Total Energy Services Company Profile

Total Energy Services Inc operates as an energy services company primarily in Canada, the United States, and Australia. It operates through Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services and Well Servicing segments. The Contract Drilling Services segment operates a fleet of various drilling rigs supported by an extensive fleet of owned top drives, walking systems, pumps, and other ancillary equipment.