Calfrac Well Services Ltd. (OTCMKTS:CFWFF – Get Rating) was the recipient of a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 1,400 shares, a drop of 12.5% from the July 31st total of 1,600 shares. Based on an average trading volume of 700 shares, the short-interest ratio is currently 2.0 days.

Calfrac Well Services Price Performance

OTCMKTS:CFWFF traded up $0.08 during trading hours on Tuesday, hitting $4.35. 32,624 shares of the company's stock traded hands, compared to its average volume of 4,016. Calfrac Well Services has a 52 week low of $2.43 and a 52 week high of $5.13. The business's fifty day simple moving average is $3.63 and its two-hundred day simple moving average is $3.76.

Analyst Ratings Changes

CFWFF has been the subject of several analyst reports. Royal Bank of Canada raised their target price on Calfrac Well Services from C$5.50 to C$7.00 in a research note on Friday, July 29th. BMO Capital Markets raised their price objective on shares of Calfrac Well Services from C$5.00 to C$6.00 in a research report on Friday, July 29th. Finally, Stifel Nicolaus upped their target price on shares of Calfrac Well Services from C$5.50 to C$6.00 in a report on Friday, July 29th.

About Calfrac Well Services

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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