Nine Energy Service, Inc. (NYSEAMERICAN:NINE) Stock Short Interest Report for October

Nine Energy Service, Inc. (NYSEAMERICAN:NINE) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 143,800 shares, a drop of 40.4% from the September 30th total of 241,317 shares. Based on an average daily trading volume, of 27,926 shares, the days-to-cover ratio is currently 5.1 days. Currently, 0.3% of the shares of the company are short sold.

Nine Energy Service Stock Up 2.7%

NINE traded up $0.20 on Tuesday, hitting $7.60. 3,068 shares of the company traded hands, compared to its average volume of 59,013. Nine Energy Service has a 12-month low of $7.00 and a 12-month high of $13.23. The company has a quick ratio of 1.68, a current ratio of 2.34 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $8.96 and a 200-day moving average of $10.01.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nine Energy Service stock. Cygnus Capital Advisors LLC bought a new stake in Nine Energy Service, Inc. (NYSEAMERICAN:NINE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 500,358 shares of the company’s stock, valued at approximately $6,510,000. Nine Energy Service accounts for approximately 4.4% of Cygnus Capital Advisors LLC’s portfolio, making the stock its 4th biggest holding. Cygnus Capital Advisors LLC owned 1.16% of Nine Energy Service as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 57.61% of the company’s stock.

About Nine Energy Service

Nine Energy Service, Inc is an oilfield services company that provides completion and production solutions to onshore oil and natural gas operators. Its services support the completion, stimulation, and maintenance of wells, particularly in unconventional formations.

The company’s offerings have included completion tools, wireline services, coiled tubing, cementing, and other well-intervention services. These products and services are designed to help customers prepare wells for production, improve well performance, and address operational requirements throughout the well life cycle.

Founded in 2011 and headquartered in Houston, Texas, Nine Energy Service has historically served customers in the United States and Canada.