Secure Energy Services Inc. (OTCMKTS:SECYF – Get Free Report) saw a large decline in short interest in July. As of July 31st, there was short interest totalling 1,334,100 shares, a decline of 25.2% from the July 15th total of 1,784,300 shares. Based on an average daily trading volume, of 28,000 shares, the short-interest ratio is currently 47.6 days.
Secure Energy Services Stock Up 1.7 %
Secure Energy Services stock opened at $5.30 on Friday. The company has a 50 day moving average price of $4.87 and a 200-day moving average price of $5.02. Secure Energy Services has a fifty-two week low of $3.95 and a fifty-two week high of $6.35.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on SECYF. Raymond James decreased their price objective on shares of Secure Energy Services from C$9.25 to C$8.90 in a research report on Friday, August 4th. Royal Bank of Canada increased their target price on shares of Secure Energy Services from C$8.00 to C$8.50 in a report on Monday, July 31st.
About Secure Energy Services
Secure Energy Services Inc, an energy services company, provides solutions to upstream oil and natural gas companies operating primarily in Canada and the United States. It operates through two segments, Midstream Infrastructure, and Environmental and Fluid Management. The Midstream Infrastructure segment provides processing, storing, shipping, and marketing of crude oil; and transports oil and water through pipelines, as well as engages in oil production processing and disposal, and water disposal; and crude oil emulsion treatment activities.
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