Short Interest in Source Energy Services Ltd. (OTCMKTS:SCEYF) Rises By 30.9%

Source Energy Services Ltd. (OTCMKTS:SCEYF) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 66,900 shares, a growth of 30.9% from the February 13th total of 51,100 shares. Based on an average daily volume of 4,200 shares, the short-interest ratio is currently 15.9 days.

Source Energy Services Price Performance

Shares of SCEYF remained flat at $6.00 during trading hours on Monday. 845 shares of the stock traded hands, compared to its average volume of 2,219. The company has a 50-day moving average price of $9.36 and a 200 day moving average price of $9.95. Source Energy Services has a 52-week low of $6.00 and a 52-week high of $12.93.

About Source Energy Services

Source Energy Services Ltd. engages in the production and distribution of Northern White frac sand used primarily in oil and gas exploration and production in Canada and the United States. It also provides storage and logistics services for other bulk oil and gas well completion materials; and develops Sahara, a wellsite mobile sand storage and handling system.