CES Energy Solutions Corp. (OTCMKTS:CESDF) Short Interest Update

CES Energy Solutions Corp. (OTCMKTS:CESDF) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 1,837,400 shares, a drop of 15.8% from the August 15th total of 2,181,100 shares. Based on an average daily trading volume, of 24,100 shares, the days-to-cover ratio is currently 76.2 days.

CES Energy Solutions Price Performance

CESDF stock remained flat at $5.33 during trading on Tuesday. The company had a trading volume of 5,298 shares, compared to its average volume of 13,224. The firm’s fifty day moving average is $5.63 and its two-hundred day moving average is $4.85. CES Energy Solutions has a twelve month low of $2.42 and a twelve month high of $6.37.

CES Energy Solutions Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were issued a $0.0219 dividend. This represents a dividend yield of 1.71%. The ex-dividend date was Friday, June 28th. CES Energy Solutions’s payout ratio is 97.87%.

CES Energy Solutions Company Profile

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.