Natural Gas Services Group, Inc. (NYSE:NGS – Get Free Report) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 134,800 shares, a drop of 15.9% from the May 15th total of 160,200 shares. Based on an average daily trading volume, of 77,100 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.4% of the company’s stock are sold short.
Institutional Investors Weigh In On Natural Gas Services Group
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Natural Gas Services Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 491,167 shares of the oil and gas company’s stock worth $9,543,000 after acquiring an additional 6,129 shares in the last quarter. Russell Investments Group Ltd. raised its position in …
