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

Calfrac Well Services Ltd. (OTCMKTS:CFWFF) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 318,300 shares, a growth of 492.7% from the October 15th total of 53,700 shares. Based on an average daily trading volume, of 1,700 shares, the days-to-cover ratio is currently 187.2 days.

Calfrac Well Services Stock Up 4.7 %

Shares of OTCMKTS:CFWFF traded up $0.12 during mid-day trading on Wednesday, hitting $2.75. The stock had a trading volume of 3,805 shares, compared to its average volume of 4,739. The company’s 50 day moving average is $2.83 and its 200-day moving average is $2.96. Calfrac Well Services has a 12-month low of $2.61 and a 12-month high of $4.00.

Calfrac Well Services Company Profile

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 completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.