Short Interest in Total Energy Services Inc. (OTCMKTS:TOTZF) Drops By 17.5%

Total Energy Services Inc. (OTCMKTS:TOTZF) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 11,300 shares, a decline of 17.5% from the February 28th total of 13,700 shares. Based on an average daily volume of 3,900 shares, the short-interest ratio is currently 2.9 days.

Total Energy Services Stock Performance

OTCMKTS:TOTZF opened at $6.50 on Tuesday. Total Energy Services has a 52-week low of $6.21 and a 52-week high of $8.71. The stock’s 50 day moving average price is $7.32 and its 200 day moving average price is $7.58.

About Total Energy Services

Total Energy Services Inc operates as an energy services company primarily in Canada, the United States, and Australia. It operates through Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services and Well Servicing segments. The Contract Drilling Services segment operates a fleet of various drilling rigs supported by an extensive fleet of owned top drives, walking systems, pumps, and other ancillary equipment.