Nine Energy Service, Inc. (NYSEAMERICAN:NINE) Sees Significant Decrease in Short Interest

Nine Energy Service, Inc. (NYSEAMERICAN:NINEGet Free Report) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 24,646 shares, a decrease of 35.2% from the May 31st total of 38,047 shares. Based on an average daily trading volume, of 50,121 shares, the short-interest ratio is currently 0.5 days.

Nine Energy Service Stock Performance

NYSEAMERICAN:NINE opened at $11.66 on Friday. The company has a fifty day moving average price of $10.72. Nine Energy Service has a 52 week low of $7.32 and a 52 week high of $13.23.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Nine Energy Service to a “hold” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Nine Energy Service presently has a consensus rating of “Hold”.

View Our Latest Stock Report on NINE

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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