Nine Energy Service, Inc. (NYSEAMERICAN:NINE) Short Interest Down 35.2% in June

Nine Energy Service, Inc. (NYSEAMERICAN:NINE) was the target of a significant decrease in short interest during 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 volume of 50,121 shares, the days-to-cover ratio is currently 0.5 days.

Nine Energy Service Price Performance

Shares of NYSEAMERICAN:NINE remained flat at $11.66 during trading on Friday. The company’s stock had a trading volume of 50,714 shares, compared to its average volume of 63,667. Nine Energy Service has a 52-week low of $7.32 and a 52-week high of $13.23. The stock’s fifty day simple moving average is $10.67.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Nine Energy Service to a “hold” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average 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.