PHX Energy Services Corp. (OTCMKTS:PHXHF) Short Interest Down 52.5% in December

PHX Energy Services Corp. (OTCMKTS:PHXHF) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 2,800 shares, a decrease of 52.5% from the December 15th total of 5,900 shares. Based on an average daily trading volume, of 1,700 shares, the short-interest ratio is presently 1.6 days.

PHXHF has been the subject of a number of analyst reports. Stifel Nicolaus increased their price target on PHX Energy Services from C$6.75 to C$7.00 and gave the stock a “buy” rating in a research note on Thursday, November 4th. BMO Capital Markets raised their price objective on PHX Energy Services from C$6.25 to C$6.50 and gave the company an “outperform” rating in a research report on Thursday, November 4th.

PHXHF opened at $3.83 on Friday. The stock has a 50-day moving average of $3.46 and a 200 day moving average of $3.56. PHX Energy Services has a 12 month low of $1.94 and a 12 month high of $4.40.

PHX Energy Services Company Profile

PHX Energy Services Corp. engages in the provision of horizontal and directional technology and drilling services. The firm also offers electronic drilling recorder technology and services. It operates through the following geographical segments: Canada, United States, and International. The company was founded in 1995 and is headquartered in Calgary, Canada.

Further Reading: Return on Investment (ROI)

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