What’s Ahead for SECURE ENERGY SVCS. INC ORDINARY SHARES (OTCMKTS:SECYF) After More Shorted Shares?

July 12, 2018 - By James Guidry

Secure Energy Services Inc. (OTCMKTS:SECYF) Logo

The stock of SECURE ENERGY SVCS. INC ORDINARY SHARES (OTCMKTS:SECYF) registered an increase of 31.1% in short interest. SECYF’s total short interest was 1.22M shares in July as published by FINRA. Its up 31.1% from 930,900 shares, reported previously. With 200 shares average volume, it will take short sellers 6102 days to cover their SECYF’s short positions. The short interest to SECURE ENERGY SVCS. INC ORDINARY SHARES’s float is 0.78%.

The stock increased 5.12% or $0.2784 during the last trading session, reaching $5.7184. About shares traded. Secure Energy Services Inc. (OTCMKTS:SECYF) has 0.00% since July 12, 2017 and is . It has underperformed by 12.57% the S&P500.

Secure Energy Services Inc., an energy services company, provides specialized services to upstream oil and natural gas companies operating in the Western Canadian Sedimentary Basin and North Dakota. The company has market cap of $954.82 million. The companyÂ’s Processing, Recovery and Disposal division assists upstream oil and natural gas companies with the treatment and sale of crude oil, as well as the treatment, recycling, and disposal of by-products associated with oil and natural gas development and production. It currently has negative earnings. This divisionÂ’s PRD services include crude oil emulsion treatment, terminalling, rail transloading and marketing of oil, oilfield waste processing, tank washing, landfill disposal, and produced and waste water disposal, as well as the purchase and resale of crude oil.

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