Calfrac Well Services Ltd. (OTCMKTS:CFWFF – Get Rating) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 2,800 shares, a decrease of 37.8% from the August 31st total of 4,500 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of Calfrac Well Services from C$6.00 to C$6.50 in a report on Wednesday, September 14th. Stifel Nicolaus upped their price objective on shares of Calfrac Well Services from C$6.00 to C$7.00 in a report on Wednesday, September 14th. Finally, Royal Bank of Canada upped their price objective on shares of Calfrac Well Services from C$7.00 to C$8.00 in a report on Wednesday, September 14th.

Calfrac Well Services Price Performance

Calfrac Well Services stock traded down $0.10 during mid-day trading on Friday, reaching $3.82. 11,800 shares of the company's stock were exchanged, compared to its average volume of 4,060. Calfrac Well Services has a twelve month low of $2.66 and a twelve month high of $5.13. The company has a fifty day moving average of $3.88 and a 200-day moving average of $3.76.

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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