Source Energy Services Ltd. (OTCMKTS:SCEYF) Sees Significant Increase in Short Interest

Source Energy Services Ltd. (OTCMKTS:SCEYF) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 3,000 shares, an increase of 233.3% from the March 31st total of 900 shares. Based on an average daily volume of 1,500 shares, the days-to-cover ratio is currently 2.0 days.

Source Energy Services Price Performance

Shares of SCEYF stock opened at $11.09 on Friday. The stock has a fifty day moving average price of $8.53 and a 200 day moving average price of $6.25. Source Energy Services has a 1 year low of $1.87 and a 1 year high of $11.41.

Source Energy Services Company Profile

Source Energy Services Ltd. engages in the production and distribution of Northern White frac sand used primarily in oil and gas exploration and production in Canada and the United States. It also provides storage and logistics services for other bulk oil and gas well completion materials; and develops Sahara, a wellsite mobile sand storage and handling system.