Nine Energy Service, Inc. (NYSEAMERICAN:NINE – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 199,196 shares, a growth of 708.2% from the June 15th total of 24,646 shares. Based on an average daily trading volume, of 180,616 shares, the short-interest ratio is presently 1.1 days.
Nine Energy Service Trading Down 4.3%
NYSEAMERICAN NINE traded down $0.49 on Friday, reaching $10.93. The company had a trading volume of 12,942 shares, compared to its average volume of 61,276. Nine Energy Service has a 52 week low of $7.32 and a 52 week high of $13.23. The company has a 50 day moving average of $10.91.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Nine Energy Service to a “hold” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.
Nine Energy Service is an oilfield services company that provides completion and production solutions to upstream oil and gas operators. The company focuses on delivering field services and rental equipment used in well completion and production phases of drilling programs. Its client base includes exploration and production companies operating in onshore resource plays.
Nine Energy’s offerings center on specialized equipment and on-site technical services designed to support well completions and ongoing production operations.
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