TRICAN WELL SERVICE LTD ORDINARY SHARES (OTCMKTS:TOLWF) Stock Is Shorted More

October 13, 2018 - By Ruchi Gupta

The stock of TRICAN WELL SERVICE LTD ORDINARY SHARES (OTCMKTS:TOLWF) registered an increase of 26.36% in short interest. TOLWF’s total short interest was 9.36M shares in October as published by FINRA. Its up 26.36% from 7.40M shares, reported previously. With 7,900 shares average volume, it will take short sellers 1184 days to cover their TOLWF’s short positions.

The stock increased 1.72% or $0.027513 during the last trading session, reaching $1.631333. About 3,000 shares traded. Trican Well Service Ltd. (OTCMKTS:TOLWF) has 0.00% since October 13, 2017 and is . It has underperformed by 15.62% the S&P500.

Trican Well Service Ltd., an oilfield services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of gas and oil wells primarily in Canada. The company has market cap of $538.29 million. It offers cementing services, including pre-flushes and spacers, cement plugs, lost circulation, gas migration prevention, cement design solutions, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services; and geological services, such as laboratory and field services, as well as education and studies. It currently has negative earnings. The firm also provides reservoir solutions, which include exploration, production analysis, and simulation and modeling services; acidizing and production enhancement services, such as production and injection well enhancement services; and coiled tubing solutions that include coiled tubing fracturing, specially designed tools, well cleanouts, milling, high pressure jetting, e-coil , nitrogen gas lifting, and production enhancement.

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