Home Energy services National Energy Services Reunited Corp. (NASDAQ:NESR) Short Interest Down 16.0% in January

National Energy Services Reunited Corp. (NASDAQ:NESR) Short Interest Down 16.0% in January

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National Energy Services Reunited Corp. (NASDAQ:NESR) benefited from a sharp drop in short interest during the month of January. As of January 31, there was short interest totaling 604,600 shares, a decrease of 16.0% from the total of 719,900 shares as of January 15. Based on an average daily trading volume of 218,100 shares, the short-term interest rate ratio is currently 2.8 days. Currently, 0.9% of the company’s shares are sold short.

RENS traded down $0.15 during Friday’s midday session, hitting $9.56. The stock recorded a trading volume of 9,689 shares, compared to an average volume of 238,124 shares. National Energy Services Reunited has a 52-week low of $8.56 and a 52-week high of $15.95. The company’s fifty-day simple moving average is $9.79 and its two-hundred-day simple moving average is $10.96.

Several large investors have recently bought and sold shares of NESR. FMR LLC increased its position in National Energy Services Reunited shares by 22.1% in the 1st quarter. FMR LLC now owns 1,358,969 shares of the company worth $14,202,000 after purchasing an additional 246,130 shares in the last quarter. Deutsche Bank AG increased its position in National Energy Services Reunited shares by 148.2% in the second quarter. Deutsche Bank AG now owns 33,306 shares in the company worth $475,000 after buying an additional 19,888 shares in the last quarter. BlackRock Inc. increased its stake in National Energy Services Reunited by 32.7% during the second quarter. BlackRock Inc. now owns 1,569,473 shares of the company worth $22,364,000 after acquiring 387,023 additional shares in the last quarter. Bank of New York Mellon Corp increased its stake in National Energy Services Reunited by 35.6% during the second quarter. Bank of New York Mellon Corp now owns 86,396 shares of the company worth $1,231,000 after acquiring 22,679 additional shares last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in National Energy Services Reunited during the second quarter at a value of approximately $262,000. Institutional investors and hedge funds own 41.88% of the company’s shares.

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Separately, TheStreet downgraded National Energy Services Reunited from a “b-” rating to a “c” rating in a Wednesday, November 24 research report.

National Energy Services Company Profile United

National Energy Services Reunited Corp. is a holding company that provides petroleum services. It operates through the following segments: Production Services and Drilling and Appraisal Services. The Production Services segment includes coiled tubing, cementing, stimulation and pumping, nitrogen services, filtration services, completions, pipelines, laboratory services and artificial lift services.

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