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home / news releases / USWS - Revisiting U.S. Well Services: The Situation Looks Dire And I'm Still Bearish

USWS - Revisiting U.S. Well Services: The Situation Looks Dire And I'm Still Bearish

U.S. Well Services Inc.
  • The company has debts of close to $400 million and its shareholders’ equity is deeply in the red.
  • In Q2 2021, the adjusted operating profit of U.S. Well Services was much lower than its interest expenses.
  • The company recently closed a deal for $125.5 million of 16% convertible senior secured (Third Lien) PIK notes and I think its future is bleak.
  • I continue to be bearish and the short borrow fee rate stands at 2.88% as of the time of writing.

For further details see:

Revisiting U.S. Well Services: The Situation Looks Dire And I'm Still Bearish
Stock Information
Company Name: U.S. Well Services Inc.
Stock Symbol: USWS
Market: NASDAQ
Website: uswellservices.com
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