CES Energy Solutions Corp. (OTCMKTS:CESDF) Sees Large Increase in Short Interest

CES Energy Solutions Corp. (OTCMKTS:CESDF) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,106,600 shares, an increase of 102.7% from the July 30th total of 545,934 shares. Based on an average daily trading volume, of 81,094 shares, the short-interest ratio is currently 13.6 days.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CESDF shares. BMO Capital Markets reissued an “outperform” rating on shares of CES Energy Solutions in a research report on Friday, August 7th. National Bank Financial raised CES Energy Solutions from a “sector perform” rating to an “outperform” rating in a research report on Friday, August 7th. Scotiabank reiterated an “outperform” rating on shares of CES Energy Solutions in a research note on Monday, August 10th. TD Securities reiterated a “hold” rating on shares of CES Energy Solutions in a report on Friday, May 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of CES Energy Solutions in a report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

CES Energy Solutions Stock Down 0.9%

Shares of CESDF opened at $13.15 on Friday. CES Energy Solutions has a 52-week low of $5.84 and a 52-week high of $14.25. The stock has a 50 day moving average price of $12.29 and a 200 day moving average price of $12.61.

About CES Energy Solutions

CES Energy Solutions Corp. is a North American provider of specialty chemical solutions and services to the oil and gas industry. The company develops, manufactures and markets a comprehensive range of products used in drilling, completion, production and environmental applications. These offerings include drilling and completion fluids, production chemicals, proppants and solids control equipment, all designed to optimize well performance and minimize environmental impact.

Headquartered in Calgary, Alberta, CES Energy Solutions operates a network of manufacturing, blending and distribution facilities across Canada and the United States.