Short Interest in CES Energy Solutions Corp. (OTCMKTS:CESDF) Increases By 64.3%

CES Energy Solutions Corp. (OTCMKTS:CESDF) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 345,247 shares, an increase of 64.3% from the June 30th total of 210,081 shares. Based on an average daily volume of 59,584 shares, the short-interest ratio is presently 5.8 days.

Analyst Ratings Changes

CESDF has been the subject of several recent analyst reports. National Bank Financial lowered shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating in a report on Tuesday, May 12th. BMO Capital Markets raised shares of CES Energy Solutions from an “outperform” rating to an “outperform” rating in a report on Wednesday, June 24th. TD Securities reiterated a “hold” rating on shares of CES Energy Solutions in a research report on Friday, May 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of CES Energy Solutions in a research note on Monday, May 11th. Finally, Scotiabank restated an “outperform” rating on shares of CES Energy Solutions in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

CES Energy Solutions Trading Down 3.9%

OTCMKTS:CESDF opened at $11.61 on Friday. The company’s 50-day moving average is $11.94 and its two-hundred day moving average is $12.19. CES Energy Solutions has a 1-year low of $4.98 and a 1-year high of $14.25.

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.