Cathedral Energy Services Ltd. (OTCMKTS:CETEF) Sees Significant Growth in Short Interest

Cathedral Energy Services Ltd. (OTCMKTS:CETEFGet Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 137,600 shares, an increase of 411.5% from the September 30th total of 26,900 shares. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is presently 152.9 days.

Cathedral Energy Services Stock Down 0.7 %

CETEF traded down C$0.03 on Friday, hitting C$4.36. The company had a trading volume of 629 shares, compared to its average volume of 1,470. Cathedral Energy Services has a 1-year low of C$3.64 and a 1-year high of C$5.02. The company’s fifty day moving average price is C$4.39 and its 200 day moving average price is C$3.92.

About Cathedral Energy Services

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Cathedral Energy Services Ltd., together with its subsidiaries, provides directional drilling services to oil and natural gas companies in western Canada and the United States. It offers remote directional and measurement-while-drilling (MWD), automated gamma, drilling optimization, and well planning services.

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