Nine Energy Service, Inc. (NYSEAMERICAN:NINE) Short Interest Up 708.2% in June

Nine Energy Service, Inc. (NYSEAMERICAN:NINE) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 199,196 shares, an increase of 708.2% from the June 15th total of 24,646 shares. Based on an average daily volume of 180,616 shares, the short-interest ratio is presently 1.1 days.

Nine Energy Service Price Performance

Shares of Nine Energy Service stock traded down $0.49 during trading hours on Friday, hitting $10.93. The company’s stock had a trading volume of 12,942 shares, compared to its average volume of 61,276. The stock has a 50 day simple moving average of $10.91. Nine Energy Service has a 12 month low of $7.32 and a 12 month high of $13.23.

Wall Street Analyst Weigh In

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