STEP Energy Services Ltd. (OTCMKTS:SNVVF) Sees Large Decline in Short Interest

STEP Energy Services Ltd. (OTCMKTS:SNVVF) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 77,700 shares, a decrease of 80.0% from the October 31st total of 387,600 shares. Based on an average daily volume of 25,400 shares, the short-interest ratio is currently 3.1 days.

STEP Energy Services Price Performance

Shares of STEP Energy Services stock remained flat at $3.65 during midday trading on Wednesday. The stock had a trading volume of 400 shares, compared to its average volume of 11,682. STEP Energy Services has a 1-year low of $2.52 and a 1-year high of $3.66. The company’s fifty day simple moving average is $3.05 and its 200-day simple moving average is $3.01.

About STEP Energy Services

STEP Energy Services Ltd., an energy services company, provides integrated coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing to service oil and natural gas industry in Canada and the United States. It also provides fluid pumping services for coiled tubing operations and involved in standalone projects; pipeline commissioning and maintenance services; fracturing logistics services; and laboratory services.