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

Nine Energy Service, Inc. (NYSEAMERICAN:NINE) saw a large 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 trading volume of 180,616 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Nine Energy Service to a “hold” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Nine Energy Service Stock Performance

Shares of NYSEAMERICAN:NINE opened at $10.93 on Monday. The company’s fifty day moving average is $10.91. Nine Energy Service has a one year low of $7.32 and a one year high of $13.23.

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.