STEP Energy Services Ltd. (OTCMKTS:SNVVF) Sees Significant Growth in Short Interest

STEP Energy Services Ltd. (OTCMKTS:SNVVF) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 279,000 shares, a growth of 17.3% from the August 15th total of 237,800 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is currently 214.6 days.

STEP Energy Services Stock Performance

Shares of OTCMKTS:SNVVF remained flat at $2.74 during midday trading on Monday. The business’s 50 day simple moving average is $3.01 and its 200 day simple moving average is $2.95. STEP Energy Services has a twelve month low of $2.52 and a twelve month high of $3.56.

STEP Energy Services Company Profile

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.