Cathedral Energy Services Ltd. (OTCMKTS:CETEF) Sees Large Increase in Short Interest

Cathedral Energy Services Ltd. (OTCMKTS:CETEF) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 34,900 shares, an increase of 12.6% from the January 15th total of 31,000 shares. Based on an average trading volume of 2,200 shares, the short-interest ratio is presently 15.9 days.

Cathedral Energy Services Stock Up 1.1 %

Shares of OTCMKTS CETEF traded up C$0.05 during midday trading on Monday, hitting C$4.26. The company had a trading volume of 600 shares, compared to its average volume of 1,818. Cathedral Energy Services has a twelve month low of C$3.91 and a twelve month high of C$5.02. The business has a 50-day simple moving average of C$4.45 and a two-hundred day simple moving average of C$4.36.

About Cathedral Energy Services

Cathedral Energy Services Ltd., together with its subsidiaries, provides directional drilling services to oil and natural gas companies in western Canada and the United States. It offers remote directional and measurement-while-drilling (MWD), automated gamma, drilling optimization, and well planning services.