PHX Energy Services Corp. (OTCMKTS:PHXHF – Get Rating) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 5,800 shares, an increase of 38.1% from the March 15th total of 4,200 shares. Based on an average trading volume of 6,200 shares, the short-interest ratio is presently 0.9 days.
PHX Energy Services stock remained flat at $$5.48 during mid-day trading on Friday. PHX Energy Services has a 1 year low of $2.54 and a 1 year high of $5.48. The business has a 50 day moving average price of $4.86 and a two-hundred day moving average price of $4.12.
Separately, BMO Capital Markets boosted their target price on shares of PHX Energy Services from C$6.50 to C$7.00 in a research note on Thursday, February 24th.
PHX Energy Services Corp. provides horizontal and directional drilling technology and services to oil and natural gas exploration and development, and production companies in Canada, the United States, Russia, Albania, and the Middle East. It offers Velocity Real-Time System, a ground-breaking technology that offers downhole guidance systems; Atlas Motors, a high-performance drilling motors; PowerDrive Orbit RSS, a rotary steerable system; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, an MWD tool that transmits electric signals through geological formations.
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