China Oilfield Services Limited (OTCMKTS:CHOLF – Get Rating) was the target of a large decline in short interest in June. As of June 30th, there was short interest totalling 3,276,000 shares, a decline of 22.7% from the June 15th total of 4,236,000 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

China Oilfield Services Stock Performance

Shares of CHOLF stock opened at $0.93 on Thursday. The firm has a fifty day simple moving average of $1.07 and a two-hundred day simple moving average of $1.03. China Oilfield Services has a 12 month low of $0.65 and a 12 month high of $1.20.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered shares of China Oilfield Services from a "buy" rating to a "sell" rating in a research note on Thursday, June 16th.

China Oilfield Services Company Profile

China Oilfield Services Limited, together with its subsidiaries, provides integrated offshore oilfield services in Mainland China and internationally. The company operates through four segments: Drilling Services, Well Services, Marine Support Services, and Geophysical Acquisition and Surveying Services.

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