Nine Energy Service, Inc. (NYSEAMERICAN:NINE) Short Interest Up 58.6% in August

Nine Energy Service, Inc. (NYSEAMERICAN:NINE) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 225,210 shares, a growth of 58.6% from the August 15th total of 141,980 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 139,221 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On Nine Energy Service

A hedge fund recently bought a new stake in Nine Energy Service stock. Cygnus Capital Advisors LLC acquired a new stake in shares of Nine Energy Service, Inc. (NYSEAMERICAN:NINE) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 500,358 shares of the company’s stock, valued at approximately $6,510,000. Nine Energy Service makes up about 4.4% of Cygnus Capital Advisors LLC’s holdings, making the stock its 4th biggest position. Cygnus Capital Advisors LLC owned 1.16% of Nine Energy Service at the end of the most recent quarter. Hedge funds and other institutional investors own 57.61% of the company’s stock.

Nine Energy Service Trading Up 1.0%

Shares of NYSEAMERICAN NINE traded up $0.10 during mid-day trading on Thursday, hitting $10.01. The company had a trading volume of 30,016 shares, compared to its average volume of 65,769. The firm’s 50 day simple moving average is $10.89. Nine Energy Service has a 12 month low of $7.32 and a 12 month high of $13.23. The company has a current ratio of 2.34, a quick ratio of 1.68 and a debt-to-equity ratio of 0.75.

Nine Energy Service Company Profile

Nine Energy Service, Inc is an oilfield services company that provides completion and production solutions to exploration and production companies. Its services are designed to support the construction, completion, stimulation and ongoing production of oil and natural gas wells.

The company’s offerings have included wireline services, cementing, coiled tubing, completion tools and other well-intervention services. Nine Energy Service also provides downhole completion technologies, including tools used in multistage hydraulic fracturing and well isolation, as well as related equipment and technical support.

Headquartered in Houston, Texas, Nine Energy Service has served customers primarily in North American oil and gas-producing regions.