Short Interest in STEP Energy Services Ltd. (OTCMKTS:SNVVF) Decreases By 59.8%

STEP Energy Services Ltd. (OTCMKTS:SNVVF – Get Rating) was the target of a large decline in short interest in May. As of May 15th, there was short interest totalling 166,500 shares, a decline of 59.8% from the April 30th total of 414,300 shares. Based on an average daily trading volume, of 13,200 shares, the days-to-cover ratio is currently 12.6 days.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut their price objective on STEP Energy Services from C$6.00 to C$5.00 in a research report on Friday, May 12th.

STEP Energy Services Stock Performance

SNVVF remained flat at $2.30 during trading on Friday. The company’s stock had a trading volume of 1,020 shares, compared to its average volume of 7,806. STEP Energy Services has a 52-week low of $2.16 and a 52-week high of $5.19. The company’s 50 day moving average price is $2.41 and its 200 day moving average price is $3.31.

STEP Energy Services Company Profile

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STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing, fracturing, and wireline solutions to service the oil and gas industry in Canada and the United States. It also provides chemical laboratory solutions; fluid pumping services for coiled tubing operations and standalone projects; and nitrogen pumping solutions for coiled tubing and hydraulic fracturing operations, as well as cased hole wireline and open hole wireline services.