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

Cathedral Energy Services Ltd. (OTCMKTS:CETEF) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 77,800 shares, an increase of 38.4% from the February 28th total of 56,200 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is currently 389.0 days.

Cathedral Energy Services Stock Performance

Shares of CETEF stock opened at C$3.65 on Monday. The business’s 50 day simple moving average is C$4.15 and its 200 day simple moving average is C$4.31. Cathedral Energy Services has a one year low of C$3.65 and a one year high of C$5.02.

About Cathedral Energy Services

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.