CES Energy Solutions Corp. (OTCMKTS:CESDF) Short Interest Up 102.7% in August

CES Energy Solutions Corp. (OTCMKTS:CESDF) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,106,600 shares, a growth 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 presently 13.6 days.

Analyst Ratings Changes

Several research analysts have recently weighed in on CESDF shares. BMO Capital Markets reiterated an “outperform” rating on shares of CES Energy Solutions in a research note on Friday, August 7th. TD Securities reaffirmed a “hold” rating on shares of CES Energy Solutions in a report on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of CES Energy Solutions in a report on Monday, May 11th. National Bank Financial upgraded shares of CES Energy Solutions from a “sector perform” rating to an “outperform” rating in a research report on Friday, August 7th. Finally, Scotiabank reiterated an “outperform” rating on shares of CES Energy Solutions in a research note on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

CES Energy Solutions Trading Down 0.9%

Shares of CESDF opened at $13.15 on Friday. The stock has a 50-day moving average price of $12.29 and a 200-day moving average price of $12.61. CES Energy Solutions has a 12-month low of $5.84 and a 12-month 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.