Could SOURCE ENERGY SERVICES LTD ORD (OTCMKTS:SCEYF) Change Direction After More Shorts?

January 6, 2018 - By Adrian Mccoy

The stock of SOURCE ENERGY SERVICES LTD ORD (OTCMKTS:SCEYF) registered an increase of 72.36% in short interest. SCEYF’s total short interest was 63,600 shares in January as published by FINRA. Its up 72.36% from 36,900 shares, reported previously. With 700 shares average volume, it will take short sellers 91 days to cover their SCEYF’s short positions.

It closed at $6.52 lastly. It is down 0.00% since January 6, 2017 and is . It has underperformed by 16.70% the S&P500.

Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand primarily to the Western Canadian Sedimentary Basin. The company has market cap of $418.19 million. The Northern White frac sand is a preferred proppant used to enhance hydrocarbon recovery in the hydraulic fracturing of oil and natural gas wells. It currently has negative earnings.

More important recent Source Energy Services Ltd. (OTCMKTS:SCEYF) news were published by: Prnewswire.com which released: “Pre-Market Technical Scan on Oil & Gas Equities — Basic Energy Services …” on January 04, 2018, also Cnbc.com published article titled: “Cramer shares his top energy stock picks as oil prices rise”, Businesswire.com published: “Navigator Energy Services Provides Company Update” on January 03, 2018. More interesting news about Source Energy Services Ltd. (OTCMKTS:SCEYF) was released by: Reuters.com and their article: “BRIEF-Source Energy Services Announces 2018 Capital Budget” with publication date: December 21, 2017.

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