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

Nine Energy Service, Inc. (NYSEAMERICAN:NINE) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 24,646 shares, a drop of 35.2% from the May 31st total of 38,047 shares. Based on an average trading volume of 50,121 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

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

Nine Energy Service Trading Down 2.0%

Shares of Nine Energy Service stock opened at $12.75 on Thursday. The firm has a 50-day simple moving average of $10.61. Nine Energy Service has a 52 week low of $7.32 and a 52 week 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.