Short Interest in Cathedral Energy Services Ltd. (OTCMKTS:CETEF) Declines By 38.4%

Cathedral Energy Services Ltd. (OTCMKTS:CETEF) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 23,400 shares, a decrease of 38.4% from the October 31st total of 38,000 shares. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is presently 11.1 days.

Cathedral Energy Services Stock Performance

Shares of CETEF remained flat at C$4.52 during midday trading on Thursday. The business has a 50-day moving average of C$4.36 and a 200 day moving average of C$3.90. Cathedral Energy Services has a 12-month low of C$3.64 and a 12-month high of C$5.02.

Cathedral Energy Services Company Profile

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.