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

STEP Energy Services Ltd. (OTCMKTS:SNVVF) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 387,600 shares, a growth of 16.4% from the October 15th total of 332,900 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is currently 352.4 days.

STEP Energy Services Price Performance

OTCMKTS:SNVVF traded down $0.06 during trading hours on Friday, reaching $3.59. The company’s stock had a trading volume of 8,750 shares, compared to its average volume of 11,705. The firm has a 50-day simple moving average of $2.89 and a 200-day simple moving average of $2.97. STEP Energy Services has a 1 year low of $2.52 and a 1 year high of $3.66.

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.