Calfrac Well Services Ltd. (OTCMKTS:CFWFF) Sees Significant Growth in Short Interest

Calfrac Well Services Ltd. (OTCMKTS:CFWFFGet Rating) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 11,300 shares, a growth of 105.5% from the April 15th total of 5,500 shares. Based on an average daily volume of 17,200 shares, the short-interest ratio is currently 0.7 days.

Shares of CFWFF traded up $0.31 on Friday, hitting $3.62. The company’s stock had a trading volume of 2,581 shares, compared to its average volume of 3,967. Calfrac Well Services has a fifty-two week low of $2.17 and a fifty-two week high of $5.13. The company has a 50 day moving average price of $3.78 and a 200 day moving average price of $3.92.

CFWFF has been the topic of several research reports. Raymond James lowered Calfrac Well Services from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 18th. Royal Bank of Canada lowered their price target on Calfrac Well Services from C$6.50 to C$6.00 in a research note on Thursday, March 17th. Finally, BMO Capital Markets lowered their price target on Calfrac Well Services from C$5.50 to C$5.00 in a research note on Thursday, March 17th.

Calfrac Well Services Company Profile (Get Rating)

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. It offers hydraulic fracturing, coiled tubing, cementing, and other well stimulation services, as well as pressure pumping services to oil and natural gas industries.

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