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 in the month of June. As of June 15th, there was short interest totalling 2,200 shares, an increase of 2,100.0% from the May 31st total of 100 shares. Based on an average daily volume of 1,500 shares, the days-to-cover ratio is currently 1.5 days.

Source Energy Services Stock Performance

OTCMKTS:SCEYF remained flat at $7.89 during trading hours on Friday. Source Energy Services has a 1-year low of $3.09 and a 1-year high of $11.41. The firm has a 50 day moving average of $9.09 and a two-hundred day moving average of $7.54.

About Source Energy Services

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.