Calfrac Well Services Ltd. (OTCMKTS:CFWFF – Get Rating) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 4,500 shares, an increase of 221.4% from the August 15th total of 1,400 shares. Based on an average trading volume of 20,400 shares, the days-to-cover ratio is currently 0.2 days.

Calfrac Well Services Stock Performance

CFWFF stock traded up $0.38 during midday trading on Wednesday, hitting $4.35. The company's stock had a trading volume of 5,705 shares, compared to its average volume of 3,899. The firm's 50-day moving average is $3.73 and its 200-day moving average is $3.75. Calfrac Well Services has a 12 month low of $2.48 and a 12 month high of $5.13.

Analysts Set New Price Targets

Several research firms have weighed in on CFWFF. Stifel Nicolaus lifted their price objective on Calfrac Well Services from C$6.00 to C$7.00 in a research report on Wednesday. BMO Capital Markets boosted their price target on Calfrac Well Services from C$6.00 to C$6.50 in a research report on Wednesday. Finally, Royal Bank of Canada boosted their price target on Calfrac Well Services from C$7.00 to C$8.00 in a research report on Wednesday.

Calfrac Well Services Company Profile

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. It offers hydraulic fracturing, coiled tubing, cementing, and other well stimulation services, as well as pressure pumping services to oil and natural gas industries.

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