CES Energy Solutions Corp. (OTCMKTS:CESDF) Sees Significant Increase in Short Interest

CES Energy Solutions Corp. (OTCMKTS:CESDF) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,384,600 shares, an increase of 17.5% from the November 30th total of 1,178,400 shares. Based on an average daily volume of 9,800 shares, the days-to-cover ratio is presently 141.3 days.

CES Energy Solutions Stock Up 10.6 %

Shares of CESDF stock traded up $0.65 during trading on Friday, reaching $6.73. 9,687 shares of the company’s stock were exchanged, compared to its average volume of 12,018. The firm’s fifty day moving average price is $6.39 and its 200-day moving average price is $5.86. CES Energy Solutions has a twelve month low of $2.54 and a twelve month high of $7.11.

CES Energy Solutions Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st will be paid a $0.0216 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 1.31%. CES Energy Solutions’s dividend payout ratio (DPR) is currently 97.87%.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.