Natural Gas Services Group, Inc. (NYSE:NGS) Sees Large Drop in Short Interest

Natural Gas Services Group, Inc. (NYSE:NGS) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 159,100 shares, a drop of 44.3% from the February 13th total of 285,500 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 78,700 shares, the days-to-cover ratio is currently 2.0 days.

Insider Activity

In related news, Director Stephen Charles Taylor sold 19,400 shares of Natural Gas Services Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total value of $558,720.00. Following the transaction, the director now owns 438,387 shares in the company, valued at $12,625,545.60. This trade represents a 4.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.25% of the company’s stock.

Hedge Funds Weigh In On Natural Gas Services Group

A number of hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets increased its position in shares of Natural Gas Services Group by 4.5% in the fourth quarter. BNP Paribas Financial Markets now owns 9,040 shares of the oil and gas company’s stock valued at $242,000 after acquiring an additional 393 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Natural Gas Services Group by 3.2% during the 3rd quarter. GSA Capital Partners LLP now owns 18,070 shares of the oil and gas company’s stock valued at $345,000 after purchasing an additional 557 shares in the last quarter. Man Group plc boosted its stake in shares of Natural Gas Services Group by 3.9% during the 4th quarter. Man Group plc now owns 18,574 shares of the oil and gas company’s stock valued at $498,000 after purchasing an additional 697 shares in the last quarter. Barclays PLC boosted its stake in shares of Natural Gas Services Group by 8.2% during the 4th quarter. Barclays PLC now owns 18,716 shares of the oil and gas company’s stock valued at $502,000 after purchasing an additional 1,415 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Natural Gas Services Group by 4.7% during the 4th quarter. Bank of New York Mellon Corp now owns 32,102 shares of the oil and gas company’s stock valued at $860,000 after purchasing an additional 1,433 shares in the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Natural Gas Services Group Trading Up 1.7 %

NYSE:NGS traded up $0.38 during trading hours on Friday, reaching $22.57. The company’s stock had a trading volume of 33,379 shares, compared to its average volume of 74,076. The firm has a 50-day simple moving average of $26.02 and a 200-day simple moving average of $23.89. Natural Gas Services Group has a 1 year low of $16.70 and a 1 year high of $29.74. The firm has a market capitalization of $281.90 million, a price-to-earnings ratio of 17.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.76.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.