Short Interest in CES Energy Solutions Corp. (OTCMKTS:CESDF) Rises By 17.5%

CES Energy Solutions Corp. (OTCMKTS:CESDF) was the recipient of a significant growth in short interest in 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 volume of 9,800 shares, the days-to-cover ratio is currently 141.3 days.

CES Energy Solutions Stock Up 1.5 %

CESDF traded up $0.10 on Tuesday, hitting $6.89. 20,973 shares of the company’s stock traded hands, compared to its average volume of 12,085. The company’s 50 day simple moving average is $6.45 and its 200-day simple moving average is $5.88. CES Energy Solutions has a one year low of $2.54 and a one year high of $7.11.

CES Energy Solutions Cuts Dividend

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