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

Nine Energy Service, Inc. (NYSEAMERICAN:NINE) was the target of a significant increase in short interest in the month of 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. Based on an average daily volume of 139,221 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.5% of the company’s stock are short sold.

Nine Energy Service Trading Up 1.0%

Nine Energy Service stock opened at $10.01 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.68 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $10.87. Nine Energy Service has a twelve month low of $7.32 and a twelve month high of $13.23.

Hedge Funds Weigh In On Nine Energy Service

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