Short Interest in CES Energy Solutions Corp. (OTCMKTS:CESDF) Increases By 21.8%

CES Energy Solutions Corp. (OTCMKTS:CESDF – Get Rating) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 1,338,400 shares, a growth of 21.8% from the April 15th total of 1,099,300 shares. Based on an average trading volume of 162,900 shares, the short-interest ratio is presently 8.2 days.

Shares of CES Energy Solutions stock traded up $0.05 on Wednesday, hitting $2.09. 2,565 shares of the company traded hands, compared to its average volume of 41,143. CES Energy Solutions has a 52 week low of $1.10 and a 52 week high of $2.46. The business has a 50-day simple moving average of $1.99 and a 200 day simple moving average of $1.81.

The company also recently disclosed a dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were given a dividend of $0.0125 per share. The ex-dividend date was Wednesday, March 30th. This represents a dividend yield of 2.49%.

Several research firms recently commented on CESDF. Scotiabank boosted their target price on CES Energy Solutions from C$3.30 to C$3.60 in a research report on Monday. Stifel Nicolaus raised their price objective on CES Energy Solutions from C$3.00 to C$3.25 in a report on Monday, March 14th. BMO Capital Markets boosted their price objective on shares of CES Energy Solutions from C$2.50 to C$3.50 in a research report on Friday, March 11th. TD Securities lifted their price objective on CES Energy Solutions from C$4.75 to C$5.00 in a research report on Friday, May 13th. Finally, Canaccord Genuity Group upped their target price on CES Energy Solutions from C$3.50 to C$4.00 and gave the company a “buy” rating in a report on Friday, April 22nd. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $3.43.

CES Energy Solutions Company Profile (Get Rating)

CES Energy Solutions Corp., together with its subsidiaries, designs, implements, and manufactures advanced consumable fluids and specialty chemicals. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets. The company's solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products.

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