National Energy Services Reunited Corp. (NASDAQ:NESR – Get Rating) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,450,000 shares, an increase of 12.4% from the November 30th total of 1,290,000 shares. Based on an average daily volume of 264,800 shares, the days-to-cover ratio is presently 5.5 days. Currently, 1.9% of the company's shares are sold short.
Institutional Investors Weigh In On National Energy Services Reunited
A number of institutional investors have recently modified their holdings of the business. State of Tennessee Treasury Department bought a new position in shares of National Energy Services Reunited in the first quarter valued at approximately $143,000. Rhumbline Advisers increased its stake in National Energy Services Reunited by 6.1% in the 1st quarter. Rhumbline Advisers now owns 43,543 shares of the company's stock valued at $366,000 after buying an additional 2,512 shares during the period. BlackRock Inc. increased its stake in National Energy Services Reunited by 0.8% in the 1st quarter. BlackRock Inc. now owns 1,982,267 shares of the company's stock valued at $16,650,000 after buying an additional 15,415 shares during the period. Dimensional Fund Advisors LP increased its stake in National Energy Services Reunited by 21.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 930,157 shares of the company's stock valued at $7,814,000 after buying an additional 163,232 shares during the period. Finally, Sei Investments Co. increased its stake in National Energy Services Reunited by 18.3% in the 1st quarter. Sei Investments Co. now owns 58,200 shares of the company's stock valued at $489,000 after buying an additional 9,000 shares during the period. Institutional investors own 38.11% of the company's stock.
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National Energy Services Reunited Trading Up 3.1 %
Shares of NESR stock opened at $6.94 on Tuesday. National Energy Services Reunited has a 12 month low of $5.64 and a 12 month high of $10.92. The company's fifty day moving average price is $6.66 and its two-hundred day moving average price is $6.64.
About National Energy Services Reunited
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National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through two segments, Production Services; and Drilling and Evaluation Services. The Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems.
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