Calfrac Well Services Ltd. (OTCMKTS:CFWFF) Sees Significant Growth in Short Interest

Calfrac Well Services Ltd. (OTCMKTS:CFWFF – Get Rating) was the recipient of a large growth in short interest in December. As of December 30th, there was short interest totalling 134,900 shares, a growth of 58.9% from the December 15th total of 84,900 shares. Based on an average daily volume of 4,700 shares, the short-interest ratio is currently 28.7 days.

Analysts Set New Price Targets

CFWFF has been the subject of several recent research reports. BMO Capital Markets raised their price target on Calfrac Well Services from C$6.50 to C$8.50 in a research report on Thursday, November 3rd. Raymond James lifted their target price on Calfrac Well Services from C$5.50 to C$10.00 in a research report on Thursday, November 3rd. Finally, Stifel Nicolaus boosted their price objective on Calfrac Well Services from C$12.00 to C$13.00 in a report on Wednesday, November 23rd.

Calfrac Well Services Trading Down 0.8 %

Shares of OTCMKTS:CFWFF opened at $5.24 on Friday. Calfrac Well Services has a 1 year low of $3.25 and a 1 year high of $5.70. The firm has a fifty day moving average price of $4.86 and a 200 day moving average price of $4.34.

About Calfrac Well Services

(Get Rating)

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.