Total Energy Services Inc. (OTCMKTS:TOTZF) Sees Large Drop in Short Interest

Total Energy Services Inc. (OTCMKTS:TOTZF – Get Rating) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 3,300 shares, a decline of 79.5% from the April 15th total of 16,100 shares. Based on an average trading volume of 11,800 shares, the days-to-cover ratio is presently 0.3 days.

Total Energy Services stock opened at $5.99 on Thursday. The stock’s 50 day simple moving average is $6.18 and its two-hundred day simple moving average is $5.22. Total Energy Services has a fifty-two week low of $2.72 and a fifty-two week high of $7.17.

Several equities research analysts recently commented on TOTZF shares. Stifel Nicolaus boosted their price target on Total Energy Services from C$8.50 to C$9.00 in a research note on Wednesday, March 16th. BMO Capital Markets upgraded Total Energy Services from a “market perform” rating to an “outperform” rating in a report on Thursday. Finally, Canaccord Genuity Group lifted their target price on Total Energy Services from C$11.00 to C$12.50 and gave the company a “buy” rating in a research report on Friday, April 22nd.

About Total Energy Services (Get Rating)

Total Energy Services Inc provides various products and services to the oil and natural gas industry primarily in Canada, the United States, and Australia. It operates through four segments: Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services and Well Servicing.

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