CES Energy Solutions Corp. (OTCMKTS:CESDF) Short Interest Update

CES Energy Solutions Corp. (OTCMKTS:CESDF) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,384,600 shares, a growth of 17.5% from the November 30th total of 1,178,400 shares. Based on an average daily trading volume, of 9,800 shares, the short-interest ratio is presently 141.3 days.

CES Energy Solutions Stock Up 10.6 %

Shares of CESDF traded up $0.65 during midday trading on Friday, reaching $6.73. 9,687 shares of the stock were exchanged, compared to its average volume of 12,018. The stock’s 50 day simple moving average is $6.39 and its 200 day simple moving average is $5.86. CES Energy Solutions has a twelve month low of $2.54 and a twelve month high of $7.11.

CES Energy Solutions Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st will be given a dividend of $0.0216 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a dividend yield of 1.31%. CES Energy Solutions’s payout ratio is presently 97.87%.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.