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

Nine Energy Service, Inc. (NYSEAMERICAN:NINE) saw a large 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 Trading Down 2.0%

NINE opened at $12.75 on Thursday. The company’s 50-day moving average is $10.61. Nine Energy Service has a 52-week low of $7.32 and a 52-week high of $13.23.

Analysts Set New Price Targets

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 data from MarketBeat.com, the company presently 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.