Nine Energy Service, Inc. (NYSEAMERICAN:NINE) Short Interest Update

Nine Energy Service, Inc. (NYSEAMERICAN:NINE) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 225,210 shares, an increase of 58.6% from the August 15th total of 141,980 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 139,221 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On Nine Energy Service

A hedge fund recently bought a new stake in Nine Energy Service stock. Cygnus Capital Advisors LLC acquired a new stake in shares of Nine Energy Service, Inc. (NYSEAMERICAN:NINE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 500,358 shares of the company’s stock, valued at approximately $6,510,000. Nine Energy Service makes up about 4.4% of Cygnus Capital Advisors LLC’s investment portfolio, making the stock its 4th largest position. Cygnus Capital Advisors LLC owned approximately 1.16% of Nine Energy Service as of its most recent filing with the Securities and Exchange Commission. 57.61% of the stock is owned by institutional investors and hedge funds.

Nine Energy Service Price Performance

NINE opened at $10.55 on Friday. Nine Energy Service has a one year low of $7.32 and a one year high of $13.23. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.68 and a current ratio of 2.34. The stock has a fifty day moving average price of $10.86.

Nine Energy Service Company Profile

Nine Energy Service, Inc is an oilfield services company that provides completion and production solutions to exploration and production companies. Its services are designed to support the construction, completion, stimulation and ongoing production of oil and natural gas wells.

The company’s offerings have included wireline services, cementing, coiled tubing, completion tools and other well-intervention services. Nine Energy Service also provides downhole completion technologies, including tools used in multistage hydraulic fracturing and well isolation, as well as related equipment and technical support.

Headquartered in Houston, Texas, Nine Energy Service has served customers primarily in North American oil and gas-producing regions.