Nine Energy Service, Inc. (NYSEAMERICAN:NINE – Get Free Report) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 143,800 shares, a decrease of 40.4% from the September 30th total of 241,317 shares. Based on an average trading volume of 27,926 shares, the short-interest ratio is currently 5.1 days. Currently, 0.3% of the company’s stock are sold short.
Nine Energy Service Stock Performance
Shares of NINE stock traded down $0.02 during mid-day trading on Friday, reaching $7.84. The stock had a trading volume of 7,106 shares, compared to its average volume of 24,756. Nine Energy Service has a 12-month low of $7.32 and a 12-month high of $13.23. The business has a 50-day simple moving average of $9.04 and a 200 day simple moving average of $10.03. The company has a current ratio of 2.34, a quick ratio of 1.68 and a debt-to-equity ratio of 0.75.
Institutional Investors Weigh In On Nine Energy Service
A hedge fund recently bought a new stake in Nine Energy Service stock. State Street Corp purchased a new position in Nine Energy Service, Inc. (NYSEAMERICAN:NINE – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 23,726 shares of the company’s stock, valued at approximately $309,000. State Street Corp owned about 0.05% of Nine Energy Service as of its most recent SEC filing. Hedge funds and other institutional investors own 57.61% of the company’s stock.
About Nine Energy Service
Nine Energy Service, Inc is an oilfield services company that provides completion and production solutions to onshore oil and natural gas operators. Its services support the completion, stimulation, and maintenance of wells, particularly in unconventional formations.
The company’s offerings have included completion tools, wireline services, coiled tubing, cementing, and other well-intervention services. These products and services are designed to help customers prepare wells for production, improve well performance, and address operational requirements throughout the well life cycle.
Founded in 2011 and headquartered in Houston, Texas, Nine Energy Service has historically served customers in the United States and Canada.
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